Production of Wood Residues in Cyprus - 2022
Wood Residues Production in Cyprus - 2022
In 2020, production of wood residues decreased by -10.7% to 5.3K cubic meters, falling for the second year in a row after two years of growth. Overall, production, however, saw a strong expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 121% against the previous year. As a result, production reached the peak volume of 7K cubic meters. From 2019 to 2020, production growth remained at a lower figure.
In value terms, wood residues production dropped to $402K in 2020 estimated in export price. In general, production, however, posted significant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 140%. As a result, production reached the peak level of $522K. From 2019 to 2020, production growth failed to regain momentum.
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