The European forestry sector's Gross Value Added share varied significantly in 2023. Finland led with a strong performance, growing by 0.33%, while France experienced a decline of 1.25%. Noteworthy growth was seen in Slovakia with a 7.16% increase and the Netherlands at 6.35%. Italy and Estonia showed moderate growth at 2.22% and 2.89% respectively. Spain and Greece faced notable declines of 9.1% and 4.23%. Over five years, some countries maintained a positive average growth trend, while others faced consistent challenges.
Future trends in European forestry indicate a potential shift towards countries with growing investments in sustainable forestry and innovation. An emphasis on climate change adaptation and renewable resources could reshape the sector's landscape, influencing the Gross Value Added shares notably for countries like Finland, Slovakia, and the Netherlands. Monitoring these trends will be vital for stakeholders seeking long-term growth.
Top countries in Forestry Gross Value Added Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 33.57 | 2023 | +1.46% | +0.33% | View data |
| 2 | 2 France | 23.7 | 2023 | +0.85% | -1.25% | View data |
| 3 | 3 Italy | 17.85 | 2023 | +1.63% | +2.22% | View data |
| 4 | 4 Slovakia | 6.95 | 2023 | +2.28% | +7.16% | View data |
| 5 | 5 Spain | 5 | 2023 | -5.9% | -9.1% | View data |
| 6 | 6 Latvia | 4.68 | 2023 | +6.13% | +0.99% | View data |
| 7 | 7 Estonia | 2.71 | 2023 | -18.93% | +2.89% | View data |
| 8 | 8 Lithuania | 2.14 | 2023 | +8.42% | -0.19% | View data |
| 9 | 9 Netherlands | 1.73 | 2023 | 0% | +6.35% | View data |
| 10 | 10 Belgium | 0.73 | 2023 | -0.11% | +1.28% | View data |
