The sawmilling and planing of wood production value in Sweden showed fluctuating trends over the past decade. From 2013 to 2018, the production value had highs and lows, peaking in 2018 with remarkable growth. Post-2018, declines were observed in 2019 and 2020, followed by gradual increments till 2023, standing at 5.36 billion euros in 2023.
Year-on-year variations illustrate volatile movements, with significant declines in 2015 (-8.87%) and 2020 (-12.23%). Recent years showcase more stability, with moderate increases in 2022 (4.74%) and 2023 (3.32%). The compound annual growth rate (CAGR) from 2018-2023 is slightly negative at -0.75%, indicating minimal growth over those years.
Future trends project a steady rise, with forecasted production values incrementally increasing up to 5.57 billion euros by 2028. The forecasted 5-year CAGR is 0.59%, showing gradual and modest growth. The forecasted 5-year growth rate stands at 2.99%, suggesting some recovery and a positive outlook.
Future trends to watch for:
- Environmental regulations and their impact on production costs.
- Technological advancements in sawmilling and planing processes.
- Market demand shifts for sustainable wood products.
- Global economic conditions affecting trade and export demand.
