The sold production of veneer sheets and wood-based panels in Italy showed significant fluctuations from 2013 to 2023. The market experienced a notable decline with a year-on-year variation of -8.36% in 2013, followed by modest growth until 2015. Unique shifts were observed with a steep decrease in 2016 and a subsequent rise in 2017. The market faced slight declines from 2018 to 2019 but rebounded in 2020 with a 10.7% increase. A significant surge of 81.49% occurred in 2021, settling at approximately 3.1331 billion Euros in 2023, maintaining a 2023 year-on-year variation of 0.76%. The Compound Annual Growth Rate (CAGR) over the last five years stood at 12.29%.
Looking forward, from 2023 to 2028, the market is projected to grow at a more moderate pace with a forecast 5-year CAGR of 0.57% and a total forecasted growth rate of 2.88%. Key trends in the future to watch for include:
- Sustainable and eco-friendly production processes
- Technological advancements in wood-based panel production
- Increased demand for high-quality veneer sheets in the furniture and construction industries