In 2023, France led the European forestry output at 40.69 million euros, marking a slight decline of 0.2% from the previous year. Italy followed with 16.74 million euros, experiencing a growth of 2.01%. Slovakia showed a significant increase of 11.33%, reaching 11.87 million euros. Latvia and Portugal also saw moderate growths of 1.75% and 0.95%, respectively. Meanwhile, Slovenia, Belgium, and the Netherlands experienced notable gains, with Belgium seeing a 6.91% increase reaching 3.55 million euros. Ireland grew modestly by 2.82%, while Luxembourg declined significantly by 11.65%, showing a marginal forestry output of 0.075 million euros.
Future trends to watch in the European forestry market include:
- The potential for increased forestry output in emerging Eastern European markets like Slovakia.
- Efforts to reverse declines in environmentally conscious regions such as Luxembourg.
- Impacts of policy changes concerning carbon credits and sustainable forestry practices.
- Potential shifts due to technological advancements in forestry operations and harvesting methods.
Top countries in Forestry Output Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 40.69 | 2023 | +0.66% | -0.2% | View data |
| 2 | 2 Italy | 16.74 | 2023 | +1.34% | +2.01% | View data |
| 3 | 3 Slovakia | 11.87 | 2023 | +22.87% | +11.33% | View data |
| 4 | 4 Latvia | 9.74 | 2023 | +3.88% | +1.75% | View data |
| 5 | 5 Portugal | 8.88 | 2023 | +1.39% | +0.95% | View data |
| 6 | 6 Slovenia | 4.03 | 2023 | +2.58% | +1.35% | View data |
| 7 | 7 Belgium | 3.55 | 2023 | +7.27% | +6.91% | View data |
| 8 | 8 Netherlands | 3.17 | 2023 | +9.13% | +9.36% | View data |
| 9 | 9 Ireland | 1.26 | 2023 | +0.39% | +2.82% | View data |
| 10 | 10 Luxembourg | 0.075 | 2023 | -0.017% | -11.65% | View data |
