Forecast: Exports of Wood in Finland

The exports of wood in Finland have shown a consistent growing trend from 2013 to 2023, with a total increase from 5.52 million metric tons to 7.53 million metric tons. Notable increases occurred in 2016 (7.97%) and 2017 (10.36%), while 2020 saw a slight decrease of -3.25%. From 2021 onwards, the trend turned positive again, with a moderate year-on-year increase of 1.62% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) stands at 1.44%, indicating steady albeit modest growth.

Looking ahead, the forecast suggests continued growth, with volumes expected to reach 8.16 million metric tons by 2028. The forecasted CAGR over the next five years (2024-2028) is projected at 1.26%, reflecting stable growth with a forecasted overall increase of 6.45% from 2024 to 2028.

Future trends to watch for:

  • Possible impacts of global economic conditions on export volumes.
  • Changes in trade policies and tariffs that could affect export competitiveness.
  • Technological advancements in wood processing that could enhance production efficiency and output.

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