Based on the provided data, the exports of non-coniferous processed sawnwood in the UK are projected to grow steadily from 2024 to 2028, starting at 11.39 million euros in 2024 and rising to 12.65 million euros by 2028. Compared to 2023, where the value stood at 11.08 million euros, this shows a consistent upward trend.
- Year-on-year growth rates are as follows:
- 2024: 2.8%
- 2025: 2.8%
- 2026: 2.7%
- 2027: 2.6%
- 2028: 2.5%
The compound annual growth rate (CAGR) over the forecast period (2024-2028) is approximately 2.7%, indicating a stable market environment.
Future trends to watch for include the impact of global trade policies, technological advancements in wood processing, and sustainable timber sourcing practices. Attention should also be given to fluctuations in currency exchange rates and their impact on export competitiveness.
