The turnover for veneer sheets and wood-based panels in Italy is projected to decline steadily from 2024 to 2028. The turnover is forecasted to decrease from 2.23 billion Euros in 2024 to 2.09 billion Euros in 2028. This trend represents a year-on-year decline of approximately 1.79% from 2024 to 2025, 1.37% from 2025 to 2026, 1.85% from 2026 to 2027, and 1.42% from 2027 to 2028. On a five-year compound annual growth rate (CAGR) basis, this indicates an average yearly decrease of about 1.60%.
Future trends to watch for:
- Technological advancements influencing production efficiency and cost.
- Shifts in consumer demand for sustainable and eco-friendly wood products.
- Potential regulatory changes impacting forestry and wood product manufacturing.
- Economic factors affecting construction and real estate industries, which drive demand.
- Global supply chain dynamics post-pandemic influencing import/export activities.