In 2021, the Gross Value Added (GVA) of forestry decreased by 1.8% in volume and increased by 0.7% in nominal terms, interrupting the nominal decrease registered in the previous two years.
Both Output and Intermediate consumption recorded nominal increases (1.6% and 3.3%, respectively). All the prices of forestry products grew, with the exception of cork.
The trade balance of forestry products remained positive in 2022, reaching a new maximum of 3.3 billion euros. Paper and paperboard and cork-based products contributed with the largest trade surpluses (1,318.5 and 1,039.7 million euros, respectively).
The relative weight of exports of materials and industrial forestry products in total exports increased from 8.9% in 2021 to 9.1% in 2022.