The sawmilling and planing of wood turnover in the Czech Republic stood at 1090 million Euros in 2023. The industry saw fluctuations from 2013 to 2023, with notable peaks in 2017 and 2018. The turnover experienced significant growth between 2013 and 2018 but faced a slight decline in 2019 and 2020. In recent years, from 2021 onwards, the industry has shown signs of recovery, growing steadily again. Year-on-year variation for 2023 was 1.14%, with a five-year CAGR from 2018 to 2023 of 0.059%. Future forecasts indicate a continued modest growth rate, with a projected five-year CAGR of 0.8% and an overall growth rate of 4.07% by 2028.
Future trends to watch for:
- Advancements in wood processing technology
- Impact of sustainable forestry practices
- Increasing demand for wood products in construction
- Regulatory changes affecting timber production and exports
- Global economic conditions influencing market dynamics