In 2023, Finland led European forestry with an output of 6.18 billion euros, experiencing a modest growth of 1.56%. Austria faced a decrease of 1.46%, and Spain showed growth of 2.34%, reaching 2.09 billion euros. Portugal and Slovakia registered slight growths of 0.12% and 0.24%, respectively. Belgium and Luxembourg experienced declines, with Luxembourg showing the largest contraction at 6.85%. The Netherlands and Cyprus showed positive trends with increases of 2.94% and 5.64%, respectively. Over the last five years, the compound annual growth rates (CAGR) indicate fluctuations with more robust growth in countries like Finland and Cyprus.
Future trends are steering towards sustainable forestry practices, technological advancements in logging, and amplified focus on biodiversity in forestry management. Climate change impacts will likely influence output, and countries are expected to adapt their strategies to prioritize ecological balance and economic viability.
Top countries in Output of Forestry by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 6,180 | 2023 | +2.62% | +1.56% | View data |
| 2 | 2 Austria | 2,350 | 2023 | +2.52% | -1.46% | View data |
| 3 | 3 Spain | 2,090 | 2023 | +3.62% | +2.34% | View data |
| 4 | 4 Portugal | 1,360 | 2023 | +0.42% | +0.12% | View data |
| 5 | 5 Slovakia | 1,120 | 2023 | +0.2% | +0.24% | View data |
| 6 | 6 Belgium | 398.19 | 2023 | -0.55% | -0.22% | View data |
| 7 | 7 Netherlands | 371 | 2023 | +2.2% | +2.94% | View data |
| 8 | 8 Cyprus | 29.37 | 2023 | +3.17% | +5.64% | View data |
| 9 | 9 Luxembourg | 15.57 | 2023 | +9.1% | -6.85% | View data |
