The sold production of sawnwood in Belgium has displayed significant fluctuations over the past decade. The data reveals a sharp decrease in 2019 followed by a notable recovery in 2020, demonstrating volatility in the market. By 2023, the value stood at 435.65 million Euros, a marked improvement from the lows of 2019. The year-on-year variations for the last two years show a consistent positive trend: 4.99% in 2022 and 4.82% in 2023. Over a five-year period leading up to 2023, the compound annual growth rate (CAGR) was 9.53%, indicating robust growth.
However, based on the forecasted data from 2024 to 2028, the sawnwood market in Belgium is expected to maintain steady growth with a projected CAGR of 3.19%. The forecasted values indicate that by 2028, the market could reach approximately 532.85 million Euros.
Future trends to watch for:
- Potential impacts of environmental policies on production and demand.
- Technological advancements in the sawnwood industry.
- Global economic conditions and their influence on Belgium’s export markets.
