The sawmilling and planing of wood production value in Belgium has shown notable fluctuations from 2013 to 2023. The data illustrates a general trend of short-term volatility with intermittent peaks and troughs. The most significant growth period in this timespan was recorded in 2019 with a substantial year-on-year increase of 16.83%. Conversely, the largest decline occurred in 2018 with a drop of 12.81%. However, examining the average annual change, the 5-year compounded annual growth rate (CAGR) as of 2023 stands at 0.89%, indicating a slight long-term upward trend amidst the volatility.
In the ensuing period from 2024 to 2028, forecasted values predict a gradual decline in production value averaging a negative CAGR of -0.67%. This suggests diminishing growth prospects for the industry in the near future.
Future trends to watch for include:
- Technological advancements in wood processing that can increase efficiency.
- Shifts in demand due to economic conditions and construction sector health.
- Environmental policies impacting resource availability and production methods.
