The European Wood Products and Cork Manufacturing sector saw varied growth across different countries in 2023. Austria led with a Gross Value Added of 3.56 billion euros, followed by the Netherlands with 1.9 billion euros. Notable year-on-year growth was observed, with Estonia leading at 15.42% and the Netherlands at 11.7%. Latvia and Slovenia also showed significant increases of 10.9% and 10.48%, respectively. Smaller economies like Cyprus and Ireland displayed the least growth, below 5%.
Looking ahead, several trends are expected to influence the sector, including increased demand for sustainable production practices and innovative uses of cork and wood products. Economic conditions, regulatory changes, and technological advancements will play crucial roles as countries strive to enhance their production capabilities and market share. The focus might shift towards value-added products and the integration of circular economy principles to address environmental concerns. Keep an eye on digital transformations that could drive efficiencies and open new market opportunities in this industry.
Top countries in Wood Products and Cork Manufacturing Gross Value Added by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 3,560 | 2023 | +6.33% | +5.67% | View data |
| 2 | 2 Netherlands | 1,900 | 2023 | +10.2% | +11.7% | View data |
| 3 | 3 Latvia | 1,270 | 2023 | +10.71% | +10.9% | View data |
| 4 | 4 Estonia | 1,160 | 2023 | +12.32% | +15.42% | View data |
| 5 | 5 Slovenia | 479.95 | 2023 | +9.1% | +10.48% | View data |
| 6 | 6 Ireland | 390.18 | 2023 | +10.13% | +5.18% | View data |
| 7 | 7 Croatia | 323.93 | 2023 | -32.25% | +3.18% | View data |
| 8 | 8 Greece | 161.11 | 2023 | -2.21% | +9.39% | View data |
| 9 | 9 Cyprus | 62.3 | 2023 | +1.47% | +2.56% | View data |
