Over the last decade, the production value of sawmilling and planing of wood in Norway has experienced moderate fluctuations. From 2013 to 2017, values showed a general trend of instability, with notable declines in 2015 and 2017. However, beginning in 2018, a more stabilized growth pattern emerged, particularly up to 2023, where the value stood at 1.08 Billion Euros. The last two years have shown minimal variations, with 2023 registering a slight increase of 0.1%. The last five years reveal a relatively stable CAGR of -0.085%, indicating a modest average annual shift.
Looking ahead to the forecast from 2024 to 2028:
- The production value is expected to maintain at 1.08 Billion Euros annually.
- Forecasted 5-year CAGR is projected at 0.04%, suggesting very minimal growth.
Future trends to watch for in the sawmilling and planing industry include advancements in sustainable forestry practices, potential impacts from climate change, and innovations in wood processing technology. Regulatory changes and global market demand for wood products could also influence future production values.
