The total engineered wood production in Sweden was 636.93 thousand cubic meters in 2023. Over the past two years, the year-on-year variation was quite modest, showing an increase of 13.29% in 2021 and a stable 0% in 2022, followed by a slight uptick of 0.15% in 2023. Analyzing the last five years, the compounded annual growth rate (CAGR) stands at 2.98%, indicating a moderate but consistent growth trend.
Looking at the forecast data, the production is expected to see incremental growth, reaching 641.44 thousand cubic meters by 2028, highlighting a forecasted 5-year CAGR of 0.11% and an overall growth rate of 0.56% by 2028. Future trends to watch for include potential impacts from sustainability initiatives, changes in global wood supply chains, technological advancements in production processes, and shifts in demand for engineered wood in the construction industry.
