The sawmilling and planing of wood industry in Germany saw steady growth with some fluctuations between 2013 and 2023. Turnover increased from 6.37 billion Euros in 2013 to 8.85 billion Euros in 2023. Over the last two years specifically, there was a 2.56% increase in 2022 and a 2.49% increase in 2023. The 5-year compound annual growth rate (CAGR) leading up to 2023 was 4.44%. Forecast data suggests continued growth, with turnover expected to reach 9.91 billion Euros by 2028, representing a 5-year forecast CAGR of 1.8%.
Future trends to watch for include:
- Sustainability initiatives and regulations aimed at reducing the environmental impact of sawmilling.
- Technological advancements in processing and efficiency.
- Market demands for high-quality finished wood products.
- Impact of global economic conditions and trade policies on export and import of wood products.
