The analysis of the wood products turnover in Belgium shows a mixture of growth and declines over the past years. Between 2013 and 2023, the turnover saw fluctuations, with notable increases in 2014 (4.41%) and 2017 (10.98%), and significant declines in 2013 (-7.86%) and 2018 (-12.53%). Despite this variability, the turnover value stood at 3.01 billion euros in 2023. The average year-on-year variation over the last five years was 2.09%.
Looking ahead from 2024 onwards, the forecast predicts a steady increase in turnover, from 3.04 billion euros in 2024 to 3.16 billion euros by 2028. The compound annual growth rate (CAGR) for the forecasted period is 0.74%, indicating moderate but steady growth.
Future trends to watch for in the wood products sector include potential market shifts due to environmental policies, technological innovations in wood processing, and changes in consumer preferences towards sustainable products.
