The turnover of the wood products industry in Germany demonstrated steady growth from 2013 to 2015, with a CAGR of 2.15%. Post-2015, there was a slight dip in 2016 and 2017, followed by a notable surge in 2018. The years 2019 through 2023 showed fluctuating yet overall positive growth, achieving a turnover of 21.11 billion Euros in 2023. From 2020 to 2023, the average annual growth rate (CAGR) was 0.94%, indicating a slight but consistent increase in market performance.

Future forecasts from 2024 to 2028 predict continued growth, with a forecasted CAGR of 1.02% over the next five years. By 2028, the industry turnover is expected to reach 22.52 billion Euros, representing a 5.22% growth from 2023 levels.

Future trends to watch for:

Increase in demand for sustainable and eco-friendly wood products
Impact of technological advancements in wood processing
Regulatory changes and their effect on production and import/export
Economic factors influencing the construction industry, a major consumer of wood products
Global market dynamics and competition from alternative materials