The production value of sawmilling and planing of wood in Italy has been in a continuous decline from 2013 to 2023. The value, expressed in billion euros, stood at 1.34 in 2023. Over the past two years, the year-on-year variations have been negative, with a decline of 3.58% in 2022 and 5.56% in 2023. The compound annual growth rate (CAGR) over the last five years is at a negative 7.52%, highlighting an overall significant downturn in the industry.
Looking into the future, the forecasted data from 2024 to 2028 predicts an ongoing decline at a forecasted 5-year CAGR of -8.9%, implying a cumulative decrease of 37.26% over this period. This reflects a continued adverse trend in the industry's value.
Future trends to watch for:
- Technological advancements in the sector that may influence efficiency and demand.
- Potential policy changes impacting forest management and wood industry regulations.
- Emerging alternative materials that may further reduce the dependency on wood products.
- Global economic factors such as trade dynamics and market saturation affecting the industry.
