In 2023, Belgium exported 8.38 million metric tons of wood. For the forecasted years, the exports are projected to increase as follows: 8.69 million metric tons in 2024, 9.01 million metric tons in 2025, 9.32 million metric tons in 2026, 9.62 million metric tons in 2027, and 9.92 million metric tons in 2028. This represents year-on-year percentage variations of 3.7% between 2023-2024, 3.7% between 2024-2025, 3.4% between 2025-2026, 3.2% between 2026-2027, and 3.1% between 2027-2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is approximately 3.4%.
Future trends to watch for include fluctuations in global demand for wood, changes in regulatory measures affecting the wood industry, and potential developments in wood-processing technologies. Additionally, market dynamics such as trade policies and competition from alternative materials may also impact the export volumes in the upcoming years.
