The sawmilling and planing of wood sector in the Netherlands has shown a steady increase in turnover from 2013 to 2023, reaching 538.1 million Euros in 2023. Over the past decade, the industry has experienced both moderate and significant year-on-year growth, with notable increases in 2018 (8.02%) and 2019 (12.93%). The last two years saw a milder growth, with 2.21% in 2022 and 2.15% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 4.4%.
Looking ahead, the forecast for the next five years suggests a continued, albeit slower, growth with an average yearly increase of 1.57%, projecting the turnover to reach 593.8 million Euros by 2028. This indicates an overall growth rate of 8.08% during this period.
Future trends to watch for include:
- Technological advancements in sawmilling and planing processes to improve efficiency and reduce costs.
- Increasing demand for sustainable and eco-friendly wood products.
- Potential impacts of global economic fluctuations on the wood industry.
- Regulatory changes affecting forestry and wood processing industries.
- Innovations in wood product applications, potentially driving new market opportunities.