The UK production of wood chips and wood particles saw significant fluctuations over the past decade. Between 2013 and 2023, production volumes varied, peaking in 2023 at 2.6661 million cubic meters. Notable variations include a significant drop in 2020 by 15.91% and a recovery of 15.91% in 2021. The last two years' growth rates were 6.56% in 2022 and 1.19% in 2023. The CAGR over the past five years was approximately 1.24% annually.
Projected data from 2024 to 2028 indicates a steady increase, reaching 2.8225 million cubic meters by 2028, with a forecasted 5-year CAGR of 0.96%. This suggests consistent, though modest, growth.
Future trends to watch for include the impact of environmental regulations, technological advancements in wood processing, and potential shifts in demand due to changing market preferences.
