The production of wood chips and wood particles in Finland stood at 9.3747 million cubic meters in 2023. Over the past two years, production exhibited a modest increase of 0.78% year-on-year in 2023, following a slight decline in 2022. Looking back over the last five years, the compound annual growth rate (CAGR) stood at 0.6%, indicating a stable but slow growth trajectory. Future projections from 2024 to 2028 forecast a further steady annual growth rate, with a five-year CAGR of 0.32%, leading to an expected production volume of 9.5678 million cubic meters by 2028.
Future trends to watch for include the impact of technological advancements in the production process, shifts in domestic and international demand for renewable energy sources, and potential policy changes favoring sustainable forestry practices.
