The wood products turnover in Denmark exhibited fluctuating performance from 2013 to 2016, with a peak in 2014 followed by inconsistent growth and decline. From 2017 onwards, there was a notable decline, particularly sharp in 2018 and 2021. Despite a recovery in 2020, the trend continued to downward trajectory through 2023, standing at €1.12 billion. The year-on-year variation in the last two years was -2.65% in 2022 and -2.69% in 2023. The compound annual growth rate (CAGR) over the last five years is -2.4%. Forecasts predict a continued decrease, with an anticipated CAGR of -2.3% by 2028.
Future trends to watch for include advancements in sustainable wood products, shifts in construction and home renovation practices due to economic and environmental pressures, and evolving trade policies that could impact import and export dynamics.
