The UK engineered wood production demonstrated fluctuations over the past decade, averaging a relatively modest year-on-year change. The production in 2023 stood at 2.62 million cubic meters. The last two years saw a recovery trend with a 2.02% increase in 2023 from a dip in previous years. A long-term view reveals a compound annual growth rate (CAGR) of 1.45%, which suggests stable growth.
Looking ahead, the forecast for production increases by an average of 1.45% annually, reaching 2.87 million cubic meters by 2028. Future trends to monitor include potential impacts of sustainability policies, technological advancements in manufacturing, and shifts in construction material demand.
