The sawmilling and planing of wood production value in Austria saw moderate growth from 2013 to 2023, reaching EUR 4.09 billion in 2023. The industry experienced fluctuations, with year-on-year variations ranging from a low of -4.37% in 2020 to a high of 10.86% in 2018. Specifically, the last two years showed modest growth rates of 2% in 2022 and 1.94% in 2023. The compound annual growth rate (CAGR) over the last five years averaged 0.67%.
Forecasts from 2024 indicate a steady increase, expecting the production value to reach EUR 4.47 billion by 2028 with an average annual growth rate of 1.4%, resulting in an overall growth rate of 7.21% over this period.
Future trends to watch for include:
- The impact of sustainability initiatives on wood demand and production methods.
- Advances in technology that could increase operational efficiency and production value.
- Market disruptions due to economic fluctuations or regulatory changes affecting the forestry sector.
