The production of wood chips, wood particles, and wood residues in Europe has shown a mixed trend from 2013 to 2023. In 2023, the production stood at 160.81 million cubic meters. There have been fluctuations over the past years, with the most significant drop in 2016, but a generally upward trend is evident. Year-on-year changes have ranged between -4.46% and 5.17%, while the CAGR over different periods highlights variable growth rates, with the latest five-year CAGR standing at 1.48%.
For the coming years, forecasts indicate continued growth, reaching 177.09 million cubic meters by 2028. Analysts should watch for trends influenced by factors such as sustainable resource management, technological advancements, and shifts in demand driven by renewable energy policies. The forecasted five-year CAGR is 1.53%, suggesting a steady but modest growth in the sector.
