The sawmilling and planing of wood industry in Spain has shown significant fluctuation from 2013 to 2023, starting at 10.556 million hours worked in 2013 and declining to 8.8759 million hours in 2023. Notably, post-2019, the industry experienced a downward trend, with sharp decreases of 9.66% in 2020 and a further decline of 4.59% in 2023. The average annual shrinkage rate over the last five years has been -3.96%, illustrating consistent contraction.
Looking ahead from 2024, the forecast anticipates a continued decrease in hours worked, with a projected 5-year compound annual growth rate (CAGR) of -4.25%. By 2028, the industry is expected to see a cumulative decline of approximately 19.51% compared to 2023. This signifies a continuous, steady reduction in activity within the sector.
Future trends to watch for include potential automation and technological advancements which could further impact labor hours. Additionally, shifts in demand for sustainable and renewable materials might influence the industry, either mitigating or exacerbating the decline in hours worked.
