In Finland, the sold production of sawnwood exhibited variable yearly growth from 2013 to 2023, peaking at 6.8562 billion kilograms in 2014. By 2023, production stabilized around 4.3119 billion kilograms. Annual fluctuations ranged from a high of 91.44% in 2014 to a low of -39.31% in 2015. The compound annual growth rate (CAGR) over the past five years (2018-2023) was 2.81%, suggesting moderate growth.
Looking forward, the forecast from 2024 to 2028 anticipates a steady albeit slight increase with the forecasted five-year CAGR at a mere 0.04%. The total growth rate during this period is projected to be 0.21%, reflecting minimal variation and indicating a plateau in production levels.
Future trends to watch for include the impact of sustainability initiatives, shifts in global demand for timber products, and potential advancements in sawnwood processing technology.
- Fluctuating production levels up to 2023
- Stabilization around 4.3119 billion kilograms in 2023
- Minimal growth forecasted from 2024 to 2028
- Future impacts from sustainability, global demand, and technology advancements
