Wood residues production in Finland has shown some variability from 2013 to 2023. Volume stood at 4.8055 million cubic meters in 2023. The most recent year-on-year change was a decrease of 5.27% from 2022. Over the past two years (2022-2023), there has been a consistent downward trend. Looking over a 5-year period from 2018-2023, the CAGR stands at -1.04%, indicating a slow but steady decline.
Future trends to watch for include the forecasted continuous reduction in wood residues production, with the volume expected to decrease yearly, reaching 4.4035 million cubic meters by 2028. The forecast 5-year CAGR is -1.39% with an overall growth rate of -6.77% from 2024 to 2028, suggesting that production levels will continue to fall. Monitoring industry responses to environmental regulations and advances in sustainable practices will be crucial.
