The European Union`s coniferous sawnwood market has exhibited steady growth, with projections indicating continued expansion in the coming decade. According to recent analyses, the market volume is expected to reach 94 million cubic meters by 2035, reflecting a compound annual growth rate (CAGR) of 0.6% from 2024 to 2035. In value terms, the market is anticipated to grow at a CAGR of 1.2%, reaching $23.9 billion by 2035.

Production and Consumption Trends. The EU`s sawnwood market, encompassing both coniferous and non-coniferous segments, is projected to achieve a volume of 108 million cubic meters and a value of $29.3 billion by 2035. This corresponds to a CAGR of 0.7% in volume and 1.3% in value from 2024 to 2035.
Trade Dynamics. In 2023, the EU imported approximately 750,000 cubic meters of hardwood plywood, valued at €327 million. This accounted for over half of the bloc`s imports and 30% of the total EU market. The European Commission has initiated an anti-dumping investigation into these imports, particularly from China, due to concerns about unfair pricing and the potential use of banned Russian timber.

Market Outlook. The coniferous sawnwood market in Europe is expected to maintain its growth trajectory, driven by increasing demand in construction, furniture manufacturing, and packaging sectors. However, market participants should remain vigilant regarding trade policies and global economic conditions that could influence supply and demand dynamics.
For comprehensive insights and up-to-date information on the wood industry, professionals are encouraged to visit WoodBusinessPortal.com, a dedicated platform offering data on prices, trends, and business opportunities.

Sources:
1. indexbox.io
2. ft.com