In 2023, Finland's forestry sector had the highest Gross Value Added (GVA) in Europe at 4.18 billion Euros, showing a slight growth of 0.33% year-on-year. Conversely, France experienced a decline of 1.25% during the same period. Italy and Slovakia exhibited positive year-on-year growths at 2.22% and 7.16% respectively, while Spain suffered a significant decrease of 9.1%. The Netherlands and Cyprus also observed notable increases of 6.35% and 5.09%, whereas Greece, Lithuania, and other smaller economies showed mixed trends.
Future trends to watch include the impact of technological advancements and policy reforms on productivity and sustainability. Climate change and environmental regulations are likely to influence forestry practices and market dynamics, encouraging investment in innovative solutions and sustainable management techniques across European countries.
Top countries in Forestry Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 4,180 | 2023 | +1.46% | +0.33% | View data |
| 2 | 2 France | 2,950 | 2023 | +0.85% | -1.25% | View data |
| 3 | 3 Italy | 2,220 | 2023 | +1.63% | +2.22% | View data |
| 4 | 4 Slovakia | 864.93 | 2023 | +2.28% | +7.16% | View data |
| 5 | 5 Spain | 622 | 2023 | -5.9% | -9.1% | View data |
| 6 | 6 Latvia | 582.49 | 2023 | +6.13% | +0.99% | View data |
| 7 | 7 Estonia | 337.15 | 2023 | -18.93% | +2.89% | View data |
| 8 | 8 Lithuania | 265.7 | 2023 | +8.42% | -0.19% | View data |
| 9 | 9 Netherlands | 215 | 2023 | 0% | +6.35% | View data |
| 10 | 10 Belgium | 90.7 | 2023 | -0.11% | +1.28% | View data |
