The total wood-based panels production in Spain reached 4.54 million cubic meters in 2023, with a year-on-year growth of 1.7%. Over the past five years, from 2018 to 2023, the industry experienced an average yearly growth rate (CAGR) of 1.82%, indicating a moderate level of stability and growth. The period from 2013 to 2023 shows volatility, with notable dips in production seen in 2016, 2018, and 2020, but an overall upward trend.
Future trends to watch for include:
- Sustainable forestry practices leading to potential supply chain adjustments.
- Advancements in wood-based panel technologies improving production efficiency.
- Regulatory changes in Spain and the EU impacting the industry.
The forecasted five-year CAGR from 2024 to 2028 stands at 1.26%, suggesting steady, albeit slower, growth. This translates to a forecasted total production of 4.91 million cubic meters by 2028, a 6.45% increase from 2023 values. Monitoring these emerging trends will be crucial for stakeholders to adapt and remain competitive.
