Germany's wood-based panels production has shown fluctuations from 2013 to 2023. The production value in 2023 stood at 12.068 million cubic meters, reflecting a slight 0.84% year-on-year increase from 2022. Over the past decade, the market experienced variable growth rates, with significant peaks and troughs. The most notable growth was observed in 2021 with a 6.58% year-on-year increase, while 2022 saw an 11.51% decline. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was slightly negative at -0.51%, indicating a marginal decline over the last five years.
For the future, the forecast suggests a stable positive trend. From 2024 to 2028, the wood-based panels production in Germany is expected to grow at an average annual rate (CAGR) of 0.58%, culminating in a 2.91% growth over the five-year period. Key trends to watch for include advancements in technology, sustainability initiatives, and potential shifts in global demand influenced by environmental policies and economic conditions.
