The forest products industry is an important part of the European economy and a crucial pillar for the transition to a low-carbon economy in the future. At the same time, this sector is not immune to trade uncertainty and geopolitical risks. As Europe looks to rely more on its own resources, there is an opportunity to better utilise the continent’s forests through investment and active management. …Although the EU has just 5% of the world’s forests, it produces approximately 20% of the world’s roundwood each year. Over the past decade, the EU has gone from being a net importer of roundwood and fuelwood to a net exporter – with the EU’s net trade surplus reaching 15.4m sqm in 2023. …Despite unpredictable trade flows… Research indicates that total demand for wood fibre in the EU will grow by 25% between now and 2050.