The production of veneer sheets and wood-based panels in Austria has shown significant fluctuations over the past decade, both in volume and value. In 2023, the production stood at 1259.2 million euros. Over the previous two years, the year-on-year value saw variations of -7.18% in 2022 and 6.74% in 2023. Both these variations reflect the volatility in the market. The Compound Annual Growth Rate (CAGR) over the last five years ending in 2023 is relatively stable at 4.1%.

For the future, the forecast indicates an upward trend with a 5-year CAGR projected at 4.22%, translating to a 22.95% growth rate by 2028. The production is expected to reach 1645.0 million euros by 2028.

Future trends to watch for:

Sustainability demands impacting production processes and material sourcing.
Technological advancements improving production efficiency and output quality.
Market diversification and expansion into new applications or customer bases.
Regulatory changes affecting the industry’s environmental compliance and operational costs.
Economic factors like inflation and supply chain issues which may impact production costs and pricing strategies.