The analysis of European Veneer Sheets and Wood-Based Panels hours worked highlights Poland as the leader, with the largest volume of 27.749 million hours, marking a slight increase of 1.03% in 2023. Germany follows closely behind, albeit with a marginal decline. Notably, Italy shows a significant 6.28% growth, signaling a robust upward trend. Conversely, Spain and Romania experienced declines of over 1%, with Spain marked by a more pronounced 3.18% decrease. Smaller markets like Croatia and Bosnia and Herzegovina show double-digit growth, contrasting with declines in the Netherlands and Greece.
Looking to future trends, attention should focus on the potential for Eastern European countries to continue capitalizing on competitive labor costs, possibly displacing some Western markets. Additionally, the industry might see shifts in hours worked due to technological advancements and fluctuating demand cycles across diverse markets, potentially impacting workforce allocation and operational efficiency.
Top countries in Veneer Sheets and Wood-Based Panels Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 27,749,000 | 2023 | +2.17% | +1.03% | View data |
| 2 | 2 Germany | 26,999,000 | 2023 | +0.1% | -0.5% | View data |
| 3 | 3 Italy | 15,663,000 | 2023 | +4.14% | +6.28% | View data |
| 4 | 4 Spain | 12,423,000 | 2023 | -4.58% | -3.18% | View data |
| 5 | 5 Romania | 12,414,000 | 2023 | -0.97% | -1.19% | View data |
| 6 | 6 Finland | 10,134,000 | 2023 | +3.08% | +1.63% | View data |
| 7 | 7 Croatia | 7,095,100 | 2023 | +5.61% | +11.06% | View data |
| 8 | 8 Austria | 6,887,000 | 2023 | -0.61% | -0.58% | View data |
| 9 | 9 Bosnia and Herzegovina | 5,388,400 | 2023 | +5.59% | +5.1% | View data |
| 10 | 10 Belgium | 4,674,800 | 2023 | +0.16% | +1.15% | View data |
