In 2023, Germany led European wood, wood products, and cork production with significant value growth at 2.71%. Italy faced declines at -2.12%, while the UK saw a modest increase of 1.07%. France and Spain slightly contracted, with -0.88% and -1.51% respectively. The Netherlands and Estonia showed robust performances with growths of 3.66% and 3.21%. Smaller markets like Luxembourg and Macedonia observed growth at 1.23% and 2.08%. Croatia saw the steepest decline at -4.08%. Over the past five years, the sector has presented a varied CAGR due to different market dynamics in each country.
Future Trends to Watch:
-The European market may experience increased demand for sustainable wood products, bolstered by environmental policies.
-Growth in digital transformation of supply chains could improve production efficiencies.
-Emerging markets in Eastern Europe might gain traction with investment in production technologies.
-The sector could face challenges from geopolitical tensions affecting raw material supplies.
Top countries in Wood, Wood Products and Cork Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 28,900 | 2023 | +1.39% | +2.71% | View data |
| 2 | 2 Italy | 12,300 | 2023 | +0.7% | -2.12% | View data |
| 3 | 3 United Kingdom | 11,550 | 2023 | +1.37% | +1.07% | View data |
| 4 | 4 France | 10,780 | 2023 | -0.82% | -0.88% | View data |
| 5 | 5 Poland | 10,160 | 2023 | +2.58% | +0.85% | View data |
| 6 | 6 Sweden | 10,060 | 2023 | +0.98% | -0.55% | View data |
| 7 | 7 Austria | 9,420 | 2023 | +2.03% | +0.8% | View data |
| 8 | 8 Switzerland | 8,760 | 2023 | +1.95% | +2.96% | View data |
| 9 | 9 Finland | 7,110 | 2023 | +0.72% | -1.48% | View data |
| 10 | 10 Spain | 6,920 | 2023 | -0.29% | -1.51% | View data |
