In 2023, Finland led in European forestry and logging value added at €4.56 billion, followed by Italy and Austria. Noteworthy trends include growth in Finland, Slovenia and the Netherlands, demonstrating rising economic significance. Conversely, Spain and Belgium saw declines, reflecting challenges. Greece and Ireland remained stable with minor fluctuations.
Future trends to watch include sustainable forestry practices and technological advancements, influencing economic contributions. The shift towards eco-friendly initiatives could alter country standings and growth rates, with Finland and Slovenia likely to maintain leadership due to ongoing investments in sustainable forest management. Monitoring changes in EU policies on forestry will also be crucial for the region's economic trajectory in this sector.
Top countries in Value Added of Forestry and Logging by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 4,560 | 2023 | +2.29% | +2.08% | View data |
| 2 | 2 Italy | 2,180 | 2023 | +1.72% | +1.81% | View data |
| 3 | 3 Austria | 1,200 | 2023 | +0.49% | +0.56% | View data |
| 4 | 4 Spain | 933 | 2023 | -1.27% | -1.55% | View data |
| 5 | 5 Slovakia | 664.87 | 2023 | +1.95% | +1.7% | View data |
| 6 | 6 Estonia | 426.2 | 2023 | +3.35% | +1.58% | View data |
| 7 | 7 Slovenia | 410.5 | 2023 | +2.78% | +2.08% | View data |
| 8 | 8 Netherlands | 173 | 2023 | +2.37% | +1.83% | View data |
| 9 | 9 Belgium | 81.3 | 2023 | -0.97% | -0.91% | View data |
| 10 | 10 Greece | 60.16 | 2023 | -0.059% | +0.072% | View data |
