In 2023, Latvia, Estonia, and Lithuania led European Wood, Wood Products, and Cork output with shares of 6.2%, 6%, and 2.2% respectively. Latvia experienced a significant year-on-year growth of 4.4%, while Estonia's output grew by 5.01%. Notable growth was also observed in Slovakia at 5.15% and the Netherlands at 8.45%. Conversely, Serbia and Iceland saw declines, with Iceland experiencing a complete output reduction.
Looking forward, watch for:
- Continued growth in the Baltic region driven by innovation and sustainability efforts.
- Potential impacts of European Union’s environmental regulations on production practices.
- Advancements in production technology and automation.
Top countries in Wood, Wood Products and Cork Output by Country
| # | 10 Countries | Percent of Total | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Latvia | 6.2 | 2023 | 0% | +4.4% | View data |
| 2 | 2 Estonia | 6 | 2023 | +1.69% | +5.01% | View data |
| 3 | 3 Lithuania | 2.2 | 2023 | +10% | +5.29% | View data |
| 4 | 4 Bosnia and Herzegovina | 2.1 | 2023 | 0% | +0.98% | View data |
| 5 | 5 Finland | 1.7 | 2023 | 0% | +2.53% | View data |
| 6 | 6 Sweden | 1.4 | 2023 | 0% | +3.13% | View data |
| 7 | 7 Austria | 1.3 | 2023 | -7.14% | 0% | View data |
| 8 | 8 Croatia | 1.3 | 2023 | 0% | +3.4% | View data |
| 9 | 9 Slovenia | 1.2 | 2023 | 0% | +3.71% | View data |
| 10 | 10 Poland | 1.1 | 2023 | 0% | +1.92% | View data |
