The sawmilling and planing of wood production value in Lithuania experienced moderate growth from 2013 to 2023, standing at 455.4 million Euros in 2023. While 2023 recorded a 2.34% year-on-year increase, the industry has seen fluctuations in recent years, with a 2.44% rise in 2022 and 4.67% in 2021. The compound annual growth rate (CAGR) over the last five years stands at 0.91%. Post-2018, the production values showed modest volatility, but a steady upward trend can be observed.

From 2024 onwards, the production value is forecasted to grow at a 1.71% CAGR over the next five years, with the value reaching approximately 506.9 million Euros by 2028, representing an 8.82% overall growth rate during this period.

Future trends to watch for include:

Advancements in wood processing technology and efficiency improvements.
Changing environmental regulations affecting forest management and raw material availability.
Market demand shifts towards sustainable and eco-friendly wood products.
Impact of global economic conditions on the export markets for Lithuanian wood products.