The wood-based panels production in Finland in 2023 stood at 1.2014 million cubic meters. Analyzing the recent trends, we see a downward trajectory with year-on-year declines of -0.48% in 2023 and -2.11% in 2022. The compound annual growth rate (CAGR) over the last five years has been -2.19%. This trend indicates a persistent reduction in production volume post-2017, despite a slight uptick in 2021. The forecasted data suggests a continual decline with a projected CAGR of -0.38% over the next five years, indicating a likely decrease in production to 1.1728 million cubic meters by 2028.
Future trends to watch for include shifts in market demand, technological advancements in wood-based panel manufacturing, and potential environmental regulations affecting production processes. Monitoring these factors will be crucial for understanding the long-term outlook of the industry.
