The production of Wood Chips, Wood Particles, and Wood Residues in Spain observed fluctuations over the years. It saw a low in 2020, decreasing by 5.46% year-on-year, bounced back dramatically in 2021 with a 22.81% increase, holding steady in 2022 with no change, and slightly increasing by 1.3% in 2023. Fiscal year 2023 closed at 4.0213 million cubic meters. Considering the last five years, the compound annual growth rate (CAGR) was 2.33%. Future forecasts predict a steady increase, with an estimated 4.2815 million cubic meters by 2028 and a 5-year CAGR of 1%, representing overall growth of 5.08%.
Future trends to watch include the potential impact of technological advancements in wood processing, changes in environmental regulations, and shifts in market demand for wood-based products. Monitoring these factors will provide better insights into the trajectory of wood production in Spain.
