The UK’s sold production of wood treatment, impregnation, and preservation has generally been declining over the past decade. After peaking at 52.497 million euros in 2014, production has seen a sharp fall, particularly between 2015 and 2017, and further substantial drops from 2020 onwards. In 2023, the value stood at 24.242 million euros, showing a year-on-year decrease of 6.36% from 2022. The compound annual growth rate (CAGR) over the last five years has been -4.92%, indicating a steady decline.
For the forecasted years, it’s anticipated that this downward trend will continue, with a forecasted CAGR of -6.98% from 2024 to 2028. By 2028, the value is expected to decline to 15.556 million euros, representing an overall reduction of 30.35% over five years.
Future trends to watch for:
- Environmental regulations and sustainability initiatives may further impact production and demand for wood treatment products.
- Advancements in alternative materials and preservation methods could disrupt the market.
- Economic factors such as construction market trends and consumer preferences for treated wood products could influence future production values.
