The forecasted data for sawnwood production in Norway shows a steady increase from 2.7686 million cubic meters in 2024 to 2.8606 million cubic meters in 2028. For context, the actual sawnwood production stood at 2.745 million cubic meters in 2023. The year-on-year variation from 2024 to 2025 is approximately 0.8%, from 2025 to 2026 is around 0.8%, from 2026 to 2027 is about 0.8%, and from 2027 to 2028 is roughly 0.8%. Over the last five years, the compounded annual growth rate (CAGR) is estimated to be around 0.8%, indicating a stable upward trend in sawnwood production.
Future trends to watch for:
- Increasing adoption of sustainable forestry practices may influence production positively.
- Technological advancements in the timber industry could enhance efficiency and output.
- Potential fluctuations in demand for sawnwood driven by global construction and housing markets.