The export of softwood plywood from Belgium stood at 114.8 million kilograms in 2023, reflecting a steady growth trajectory. Over the past decade, the industry has seen significant fluctuations, including a notable downturn in 2014 and slight decreases in subsequent years until a strong recovery phase starting from 2017. The average annual growth rate over the last five years (CAGR) stood at 2.72%, driven by year-on-year variations that have been largely positive, showing resilience amidst global trade challenges.
Future trends to watch for: - Monitor shifts in global demand and supply chain disruptions due to geopolitical tensions and climate-related factors.- Observe technological advancements in manufacturing and sustainability trends affecting production efficiency and market demand.- Assess trade policies and tariffs which could impact the competitive landscape of the export market for softwood plywood.
