The production in the Wood Panel Products and Veneer Sheets sector in Germany was valued at €5.6 billion in 2023, marking a steady year-on-year growth of 0.86%. Reviewing the past five years, the sector exhibited an average annual growth rate (CAGR) of 0.39%. From 2013 to 2023, the sector experienced fluctuations, with significant peaks and troughs, but largely maintained an upward trajectory.
In future trends, the production is forecasted to grow from €5.65 billion in 2024 to €5.84 billion in 2028. This indicates a forecasted five-year CAGR of 0.64% and an overall growth rate of 3.26% within this period. Key trends to watch for include technological advancements in manufacturing, sustainability practices, and the impact of economic policies on the industry.
