The sawmilling and planing of wood sector in Finland showed dynamic variations in hours worked from 2013 to 2023. In 2023, the actual value stood at 11.966 million hours. Significant fluctuations include a steep decline in 2017 and an impressive recovery in 2021. The year-on-year growth for 2023 was 0.27%, with a five-year CAGR of 6.01%. The forecasted period from 2024 to 2028 presents a modest upward trend, with an average CAGR of 0.21% and an overall growth rate of 1.04%.
Future trends to watch for include:
- Technological advancements in sawmilling processes
- Impact of environmental regulations
- Shifts in global demand for wood products
- Labor market changes and workforce availability
