Production of Wood Residues in Montenegro - 2022
Wood Residues Production in Montenegro - 2022
In 2020, approx. 125K cubic meters of wood residues were produced in Montenegro; remaining relatively unchanged against the year before. In general, production recorded a relatively flat trend pattern. Over the period under review, production attained the peak volume in 2020 and is expected to retain growth in the near future.
In value terms, wood residues production soared to $2.7M in 2020 estimated in export price. The total output value increased at an average annual rate of +5.5% over the period from 2017 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.
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