In 2023, Portugal and Italy led European business expenditure on R&D in wood and wood products manufacturing per capita, at €2.47 and €2.18, respectively. Both countries also experienced notable year-on-year increases, with Portugal at 13.87% and Italy at 21.1%. Meanwhile, some countries like the Czech Republic saw a significant decrease of 17.56%. Finland and Belgium stood in the middle, with declines and growth at -2.1% and 14.04% respectively. Over the past five years, the sector experienced a varied CAGR, indicating diverse investment trends across regions.
Looking ahead, watch for heightened investment in sustainable materials and technologies driven by environmental policy shifts. Northern European countries may see a surge in R&D expenditure due to policies encouraging innovation in green technologies. Additionally, Eastern European nations could increase investments as they seek to modernize and compete in the sector.
Top countries in Business Expenditure on R&D in Wood and Wood Products Manufacturing by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 2.47 | 2023 | +10.75% | +13.87% | View data |
| 2 | 2 Italy | 2.18 | 2023 | +5.66% | +21.1% | View data |
| 3 | 3 Finland | 1.34 | 2023 | +3.16% | -2.1% | View data |
| 4 | 4 Belgium | 1.11 | 2023 | +3.94% | +14.04% | View data |
| 5 | 5 Croatia | 0.79 | 2023 | +24.33% | View data | |
| 6 | 6 Sweden | 0.66 | 2023 | -12.29% | View data | |
| 7 | 7 Poland | 0.59 | 2023 | +16.47% | +8.75% | View data |
| 8 | 8 Spain | 0.53 | 2021 | View data | ||
| 9 | 9 Czech Republic | 0.075 | 2023 | -2.6% | -17.56% | View data |
| 10 | 10 Hungary | 0.022 | 2021 | View data |
