The European Value Added of Forestry in 2024 showcases significant diversity. France leads significantly, demonstrating a strong 1.37% year-on-year increase up to 2023, contributing prominently to the sector. Portugal, however, experienced a decline of 0.86% in the previous year. In contrast, Estonia and Cyprus showed robust growth with 3.88% and 4.85% respectively, while other countries like Lithuania and Belgium had moderate increases. Croatia saw a slight decrease of 0.33%. Luxenburg remained stable, showing no changes.
Future trends to watch include:
- Potential growth acceleration in Eastern European countries, notably Estonia and Lithuania, given past trends.
- The impact of environmental policies and sustainable practices might further influence growth diversely across the region.
Top countries in Value Added of Forestry by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,360 | 2023 | +2.14% | +1.37% | View data |
| 2 | 2 Portugal | 873.77 | 2023 | -0.25% | -0.86% | View data |
| 3 | 3 Estonia | 353.74 | 2023 | +8.96% | +3.88% | View data |
| 4 | 4 Lithuania | 278.38 | 2023 | +7.52% | +0.74% | View data |
| 5 | 5 Croatia | 217.53 | 2023 | -0.09% | -0.33% | View data |
| 6 | 6 Belgium | 89.06 | 2023 | -0.11% | +0.91% | View data |
| 7 | 7 Greece | 61.34 | 2023 | +0.24% | +0.54% | View data |
| 8 | 8 Cyprus | 24.73 | 2023 | +2.24% | +4.85% | View data |
| 9 | 9 Luxembourg | 6.78 | 2023 | +27.64% | View data |
