The sawmills turnover in the US has experienced a steady growth from $20.908 billion in 2013 to $23.739 billion in 2023. The growth has consistently trended upwards, with some fluctuations such as slight decreases in 2015. The year-on-year growth rates indicate moderate increases, notably decreasing in recent years to around 0.93% in 2023. The compound annual growth rates over the past five years have averaged just under 1%, reflecting a mature and stable market.

For the future, from 2024 to 2028, the forecast suggests the sawmills turnover will continue to grow from $23.954 billion to $24.77 billion. The forecasted CAGR for the next five years is 0.67%, indicating slower, but consistent growth. The overall growth rate over these five years is projected to be 3.41%.

Trends to watch for in the future:

Advancements in sustainable forestry practices and their impact on sawmill operations.
Technological innovations in milling processes could potentially improve efficiency and profitability.
Market demand fluctuations influenced by the broader construction and housing market trends.