From 2013 to 2023, the sawmilling and planing of wood sector in Belgium has experienced significant fluctuations in turnover. The peak occurred in 2020 with a gradual decline leading to 535.3 million euros in 2023. The year-on-year variation shows significant swings with periods of growth (e.g., 2015 and 2019) and contractions (e.g., 2018, 2021). Looking at a five-year CAGR, there was an overall slight decrease.
Future projections from 2024 onwards suggest a continued modest decline, with turnovers forecasted to decrease steadily to 513.7 million euros by 2028. Key trends to watch include global market demand for wood products, technological advancements in wood processing, and environmental regulations impacting supply chains and business operations.
