In 2023, the wages and salaries in the UK sawmilling and planing of wood industry stood at €217.4 million. Over the next two years, the projected values are €216.8 million in 2024 and €216.2 million in 2025, marking a year-on-year decrease of -0.28% and -0.28% respectively. By 2026, the value is expected to further decrease to €215.6 million, followed by €215.0 million in 2027 and €214.5 million in 2028, showing small declines of -0.28%, -0.28%, and -0.23% year-on-year respectively.
- 2024: €216.8 million (-0.28% YoY)
- 2025: €216.2 million (-0.28% YoY)
- 2026: €215.6 million (-0.28% YoY)
- 2027: €215.0 million (-0.28% YoY)
- 2028: €214.5 million (-0.23% YoY)
The compound annual growth rate (CAGR) over the next five years is -0.27%, reflecting a consistent but modest decline.
Future trends to watch for include advancements in automation and technology in sawmilling processes, potential shifts in domestic and global demand for wood products, and significant regulatory changes that may impact wage structures in the industry.
