Between 2013 and 2023, Finland's production of wood chips, wood particles, and wood residues exhibited fluctuations, peaking in 2021 at 15.129 million cubic meters, before stabilizing to 14.471 million cubic meters in 2023. The production showed an overall growth with year-on-year variations demonstrating volatility, featuring a significant jump in 2021 (15.97%) and a notable decline in 2020 (-7.3%). The Compound Annual Growth Rate (CAGR) over the last five years averaged at 0.43%.
For the period from 2024 to 2028, the forecasted data predicts a gradual upward trend with a 5-year CAGR of 0.23%, indicating a steady but modest increase. The value in 2028 is expected to reach 14.679 million cubic meters, signifying a moderate growth of 1.14% from 2023. This suggests a stable market with potential for slight expansion.
Future trends to watch for include potential impacts of environmental policies on production processes and the increasing demand for bioenergy, which may drive up the utilization of wood residues. Additionally, technological advancements in production methods could influence efficiency and output levels.
