In 2023, Germany led European timber exports with a substantial share, followed by Czech Republic and Latvia. Notable annual growth rates include Belgium at 13.82% and Cyprus significantly increasing by 44.1%. Sweden, Austria, and Finland showed modest expansions, whereas declines were observed in Poland, Switzerland, and Malta. The five-year compound annual growth rate (CAGR) indicates steady expansion for major exporters, with variations like Iceland's notable growth and Malta's downturn reflecting smaller markets' volatility.
Future trends highlight a potential shift in market dynamics due to environmental regulations and the increasing importance of sustainable sourcing. Emerging markets might gain ground if they develop competitive advantages in these areas.
Top countries in Timber Exports Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16.44 | 2023 | +1.73% | +6.42% | View data |
| 2 | 2 Czech Republic | 10.11 | 2023 | +3.11% | +8.07% | View data |
| 3 | 3 Latvia | 7.14 | 2023 | +2.7% | +2.28% | View data |
| 4 | 4 Belgium | 6.92 | 2023 | +2.37% | +13.82% | View data |
| 5 | 5 Austria | 5.97 | 2023 | +1.48% | +1.7% | View data |
| 6 | 6 Sweden | 5.49 | 2023 | +0.35% | +2.45% | View data |
| 7 | 7 Poland | 5.05 | 2023 | +2.28% | -1.16% | View data |
| 8 | 8 France | 5.04 | 2023 | +1.11% | +0.48% | View data |
| 9 | 9 Finland | 4.5 | 2023 | +4.23% | +0.95% | View data |
| 10 | 10 Netherlands | 3.71 | 2023 | +2.25% | +0.32% | View data |
