The production of wood chips, wood particles, and wood residues in Belgium remained stagnant from 2013 to 2018, each year recording a volume of 1.0121 million cubic meters. In 2019, production surged by 30.12% to 1.3169 million cubic meters, followed by a modest increase of 1.97% in 2020. However, 2021 saw a 14.8% decline to 1.1442 million cubic meters. The drop continued, albeit smaller, with a 4.13% decrease in 2022. In 2023, production recovered slightly, growing by 1.6% to 1.1144 million cubic meters.
From 2024 onwards, production is forecasted to gradually increase, showing a compound annual growth rate (CAGR) of 1.15% over the next five years. By 2028, production is expected to reach 1.1981 million cubic meters, reflecting an overall 5.89% growth from 2023.
Key future trends to watch for include:
- Potential technological advancements and their impact on production efficiency.
- Shifts in demand for wood products driven by changes in consumer preferences and industrial needs.
- Regulatory changes affecting the forestry and wood processing industries.
