The production of wood chips and wood particles in Belgium saw a prolonged period of stagnation from 2013 to 2018, maintaining a static value of 473.17 thousand cubic meters. However, there was a significant surge in 2019, jumping by 77.1% from the previous year. This marked the beginning of an upward trend, with production peaking at 864.0 thousand cubic meters in 2020. Although there were slight declines in 2021 and 2022, a recovery was observed in 2023 with a rate of 2.34% year-on-year growth, reaching 834.29 thousand cubic meters. The forecast for the upcoming years shows a consistent growth trajectory, with an expected production of 925.86 thousand cubic meters by 2028.
Future trends to watch for:
- Continued year-on-year growth rates, with an average CAGR of 1.65% for the next five years, indicating steady expansion in production.
- Potential impacts of regulatory changes on sustainable forestry practices and market demand for wood-based products.
- Technological advancements in wood processing that could enhance production efficiency and output.
