The production of wood chips, wood particles, and wood residues in the EU has shown fluctuations over the past decade. In 2023, the production stood at 125.38 million cubic meters, marking a modest year-on-year increase of 0.92%. The most pronounced dip occurred in 2020 with a 16.16% decrease, while significant recovery was observed in 2021 with a 21.66% rise. From 2019 to 2023, the compound annual growth rate (CAGR) oscillated with minor upward and downward shifts, averaging at 1.06% over the last five years.
Looking ahead, forecasts for the period from 2024 to 2028 predict a 0.74% CAGR, pointing to a stable, albeit slow, increase with an overall growth rate of 3.73%. This suggests a steady recovery trajectory and continued gradual growth in production volume.
Future trends to watch for:
• Increasing demand for bioenergy and sustainable materials.
• Policy changes and environmental regulations shaping production capabilities.
• Technological advancements in wood processing and utilization efficiency.
• Potential impacts of global economic conditions on the wood industry.
