From 2013 to 2023, the total sawnwood production in Spain has had notable fluctuations, peaking in 2018 and then experiencing a decline in 2019 and 2020. However, from 2021 onwards, production saw a significant recovery, culminating in 3.32 million cubic meters in 2023. The year-on-year variation in 2023 was a modest 0.35%, indicating stability following a strong increase of 49.45% in 2022. The five-year compound annual growth rate (CAGR) leading up to 2023 was 2.09%.
Looking forward, forecasted data suggests moderate growth with production expected to reach 3.48 million cubic meters by 2028. The five-year CAGR from 2023 to 2028 is projected at 0.77%, indicating a steady but slow growth trajectory.
Future trends to watch for include potential impacts of sustainability practices, shifts in domestic and international demand, and economic factors that may affect the broader forestry industry.