The total engineered wood production in France has seen various fluctuations. In 2023, production stood at 3.45 million cubic meters. From 2013 to 2023, the industry's growth exhibited a broad decline with occasional rebounds, like the significant rise in 2021 at 41.65% before dipping slightly by 0.7% from 2022 to 2023. Over the recent five-year span, the CAGR showed minor positive growth at 0.35% despite broader fluctuations in annual variations. The forecast for 2024 to 2028 anticipates a compounded annual decline rate (CAGR) of -0.33%, indicating further possible reductions in production volumes.
Future trends to watch for:
- Sustainable material demand heightening the interest in engineered wood.
- Technological innovations potentially boosting production efficiency.
- Government policies affecting forest management and wood production.
- Global economic factors influencing the construction and manufacturing sectors.
