April 29th, 2014

New report highlights huge potential for Sweden’s forest industry

The report, conducted by consulting firm Pöyry, identified several future scenarios for Sweden's forest industry that include huge potential for job creation and increased profit within the next seven years.

Pöyry carried out the report for the Swedish Forest Industries Federation (Skogsindustrierna) to investigate the potential for Swedish forest-related industries by 2020.

Depending on which scenario is considered, the forest industry can lead to:

  • Increased profit of between 4 and 31 billion SEK, compared with 36 billion SEK in total today
  • Increased turnover of between 37 and 67 billion SEK, compared with 225 billion in total today
  • Creation of between 11,000 and 25,000 new jobs, compared with 57,000 jobs in total today
  • Increased output of wood products from 15.8 million cubic meters in 2012 to approximately 19 million cubic meters in 2020

All scenarios showed a positive development compared with the current situation for companies within the forest industry. The analysis was based on the assumption that the European economy would recover and stabilize in the coming years. It also assumed that no disasters occurred, and that the law and politics remained supportive of the forest industry.

The scenarios have consequently been based on positive assumptions. This is however thought to be a realistic assessment of the future circumstances.

News source (external website in Swedish)