Between 2013 and 2023, the UK's total sawnwood production demonstrated considerable variability. Year-on-year changes ranged from a high of 8.15% in 2021 to a low of -7.18% in 2015. In 2023, production stood at 3.65 million cubic meters, showing a modest increase of 1.03% from the previous year. Over the last five years, the CAGR was virtually flat at -0.039%, indicating overall stagnation.
Looking forward, the forecast predicts gradual growth, with the total sawnwood production expected to reach 3.83 million cubic meters by 2028, achieving a 5-year CAGR of 0.77%. This forecasted growth reflects a modest improvement in long-term production stability.
Future trends to watch for:
- Policy changes and their impact on the timber industry.
- Innovations and technological advancements in sawmilling.
- Shifts in market demand for sustainable and locally sourced wood products.
- Global economic conditions and their influence on the UK's export market.
