The sawmilling and planing of wood production value in Slovakia experienced notable fluctuations between 2013 and 2023. The initial years saw substantial growth, particularly from 2013 to 2014 with a year-on-year increase of 37.88%. However, the trend was marked by an occasional decline, as in 2016 which saw a sharp decrease of 25.86%. Recovery ensued in subsequent years with steady growth observed from 2017 onwards. By 2023, the production value stood at 578.3 million Euros, indicating a reasonable annual growth rate of 2.86% and a 5-year CAGR of 3.85%. Forecasts suggest continued growth in the sector with a projected 5-year CAGR of 2.04% and an overall 10.63% increase by 2028.
Future trends to watch for include advancements in sustainable and efficient wood-processing technologies, potential shifts in international demand for wood products, and changes in regulatory policies influencing the industry. The emphasis on eco-friendly practices and innovations is likely to propel future growth.