The sawmilling and planing of wood production value in the Czech Republic displayed a mixed trend from 2013 to 2023. Initially, growth was observed with values rising from €877.8 million in 2013 to a peak of €1060 million in 2018. However, minor declines followed in 2019 and 2020, with values dropping to €999.2 million and €971.5 million, respectively. A gradual recovery ensued, ending 2023 at €1040 million.
Year-on-year variations indicate fluctuations, including notable drops like in 2019 (-5.97%) and 2020 (-2.77%). The compound annual growth rate (CAGR) shows overall modest growth across different spans: recent 5-year CAGR was -0.52%, reflecting the inconsistent yearly trends.
Looking ahead from 2024 to 2028, projections suggest stabilized values around €1050-€1060 million. The forecasted 5-year CAGR of 0.32% underscores a relatively stable, albeit slow, growth trend.
Future trends to watch for:
- Impact of sustainable forestry practices
- Increased demand for eco-friendly wood products
- Global economic conditions influencing commodity prices
- Technological advancements in wood processing