In 2023, the production volume of wood products (excluding furniture) in Austria stood at 9.62 billion Euros. From 2013 to 2019, the industry experienced steady growth, despite a slight dip in 2014. A significant decline occurred in 2020, largely driven by external factors, followed by a rebound in subsequent years. The year-on-year variation in 2023 stood at 1.17%, with the 5-year CAGR for 2023 calculated at 1.01%. This indicates moderate growth over this period. Looking ahead from 2024 to 2028, forecasts predict a consistent upward trajectory, with an average annual growth rate of 0.93% and an overall forecast growth rate of 4.73% by 2028.
Future trends to watch for include the impact of sustainable practices, changes in consumer preferences for eco-friendly products, advancements in wood processing technologies, and potential economic fluctuations that could affect production volumes. Additionally, monitoring regulatory changes and their influence on production and demand will be crucial for maintaining and fostering growth in this sector.
