The sawmilling and planing of wood production value in the UK witnessed fluctuations from 2013 to 2023. In 2023, the production value stood at 1.92 billion Euros. The sector experienced a notable increase in value from 2013 to 2015, followed by modest growth and occasional declines. Notably, 2020 saw a significant drop, with a rebound beginning in 2021. Over the last two years (2022 and 2023), the year-on-year growth rates were 6.85% and 1.46% respectively, reflecting a positive but slowing growth trend. The 5-year CAGR from 2018 to 2023 was 0.93%. Looking forward, the forecasted 5-year CAGR through 2028 is 1.15%, with an overall growth rate of 5.9%.
Future trends to watch for include the impact of sustainability practices, advancements in wood processing technologies, and economic conditions affecting construction and housing markets, which are major consumers of wood products.
