Analyzing the historical data from 2013 to 2023, we observe fluctuations in the production of coniferous sawnwood in Finland. Starting from 10.4 million cubic meters in 2013, it increased and peaked at 11.9 million cubic meters in 2021, then slightly dipping to 11.2 million cubic meters in 2022. By 2023, the production stood at 11.156 million cubic meters, a minor decline of 0.39% year-on-year.
Key variations and trends:
- 2021 saw a significant rise of 9.38% year-on-year.
- The subsequent year, 2022, experienced a fall of 5.88%.
- The compounded annual growth rate (CAGR) over the last five years up to 2023 was -1.13%.
Looking ahead, forecasted data from 2024 to 2028 indicate a gradual decline in production, with the CAGR projected at -0.33% over five years. By 2028, production is expected to reach around 10.928 million cubic meters.
Future trends to watch for include:
- Potential impacts of climate change on forest health and wood quality.
- Shifts in global demand and supply dynamics due to environmental regulations.
- Technological advancements in sustainable forestry and sawnwood production.
