The production of wood chips, wood particles, and wood residues in Portugal has demonstrated a downward trend from 2013 to 2023. The volume decreased from 4.0984 million cubic meters in 2013 to 1.8757 million cubic meters in 2023. Year-on-year variations indicate significant declines, particularly notable in 2016 with a 28.14% drop and in subsequent years until 2022 when the decline stabilized. The CAGR over the last five years is -3.01%, reflecting the continued reductions in production, albeit at a slowing rate.
Forecasts from 2024 to 2028 suggest a minor positive adjustment, where production is expected to grow marginally by 0.12% CAGR, with an overall growth rate of 0.63%. This indicates a potential stabilization or slight recovery in the sector.
Future trends to watch for include advancements in wood processing technologies, shifts towards sustainable forestry practices, and the impact of regulatory changes on production capacities. Additionally, the demand for wood-based products in emerging markets and potential shifts in global trade dynamics will be key factors influencing production trends.
