The turnover for the sawmilling and planing of wood in Norway has seen some fluctuations over the period from 2013 to 2023, where it stood at 1.19 billion Euros in 2023. From a longer-term perspective, the Compound Annual Growth Rate (CAGR) for the past five years indicates a slow growth rate at 0.43%. Year-on-year variations show periods of slight increases and decreases, reflecting a relatively stable market with small fluctuations in value.
Key observations:
- Between 2013 and 2019, the market exhibited minor fluctuations in value, with a general trend of gradual decline until 2019.
- From 2020, the market saw slight upticks in value again, reaching a stability phase by 2021 and remaining stable through 2023.
- The forecasted figures from 2024 to 2028 indicate a consistent value of 1.2 billion Euros, suggesting no significant growth or decline.
Future trends to watch for:
- Potential impacts of technological advancements in the sawmilling and planing processes.
- Changes in demand for wooden products which might be influenced by sectors such as construction or furniture making.
- Environmental regulations and sustainable practices which could affect market dynamics.
- Global economic conditions and their effects on the timber market in Norway.
