The sold production of sawnwood in the UK has seen significant variability from 2013 to 2023. In 2023, the value stood at 1.3335 billion Euros. The year-on-year growth rate for the last two years was 6.35% in 2022 and 1% in 2023. The compound annual growth rate (CAGR) over the last five years was modest at 1.29%. Forecasts indicate a gradual upward trend, with an estimated CAGR of 0.81% for the period from 2024 to 2028.
Future trends to watch include:
• Potential impacts of economic conditions on construction and manufacturing sectors, which heavily rely on sawnwood.
• Technological advancements in wood processing and potential shifts towards sustainable practices.
• Implications of Brexit on trade regulations and supply chains, affecting production and pricing.
