Markets

Insider Trading

Hedge Funds

Retirement

Opinion

25 Least Forested Countries in Europe

In this piece, we will take a look at the 25 least forested countries in Europe. If you want to skip our introduction to the forestry industry and recent events, then check out 5 Least Forested Countries in Europe.

The fundamental factor behind humanity’s progress from cave dwellers to the modern day society is the ability to manipulate matter. Some of the most crucial inventions or discoveries that ensured humans would be able to survive the harsh environment of the Stone Age included inventing the wheel and discovering fire. These two enabled humans to transport large loads, warm themselves, and ensure that food was free of pathogens – crucial developments at a time when a handful of humans roamed the Earth instead of the billions that inhabit it today.

Another key material that has played a crucial role in modernization is wood. When compared to stone or iron, wood is easier to manipulate and it is readily available in the form of houses. The world’s earliest carriages, dwellings, and kitchens all used wood for either walls, frames, or cooking, and before the invention of the internal combustion engine, wood and coal fired steam engines were at the heart of early advances in transportation.

However, just like the consequences of burning fossil fuels have led to damage to the environment, the cost of relying on forests for wood has also made its impact. This impact is in the form of reducing forest coverage, with data from the United Nations Food and Agriculture Organization (FAO) indicating that between the decade that passed between 1990 and 2000, global forest area dropped by 7.8 million hectares on an annual basis. This has led to a whopping 420 million hectares of forests dropping between 1990 and the present day. For reference, the United States covers an area of 166 million hectares. Canada, the world’s second largest country in terms of area, measures 362 million hectares, so not only has deforestation removed more forests than the area of the U.S. over the past three decades or so, but also more than the area of the second largest country in the world.

Moving towards the business side of things, research suggests that the global forest industry was worth $981 billion in 2022 and is slated to be worth $1 trillion by the end of 2023. From 2023 to 2027, the industry is expected to grow at a compounded annual growth rate (CAGR) of 10.2% to have a value of $1.6 trillion by the end of the forecast period. Like other industries, the forestry industry is also making use of advances in computer technology, as research also shows that the forestry software market was worth $1.25 in 2021 and is expected to grow at twice the CAGR of the broader forestry industry at 22.4% to be worth $6.3 billion in 2029.

When it comes to wood consumption, statistics match those for coal consumption. Like coal, China is also the world’s largest global consumer of wood. Data from the FAO shows that China consumed roughly 25% of sawn wood in 2020, but unlike coal, the second heaviest user of sawn wood is the U.S. When it comes to wood production, China also produced the most wood in the world, as it accounted for 18% of the total supply. The U.S. and Russia followed China in second and third places, respectively. Like other commodities, wood and lumber also has a global market and its prices fluctuate in response to events and supply chain constraints. And as was the case with some other commodities, lumber prices also soared last year in the aftermath of the Russian invasion of Ukraine which saw lumber prices soar to $1,465 per 1,000 feet or $1.4 per foot in February 2022.

As the market adjusted, prices came down later but in 2023 lumber prices are starting to rise once again. The lumber market faced a bit of strain earlier this year due to shocking and devastating wildfires that plagued Canada and the United States earlier this year. This was because 9.2 million hectares of forest were burned during Canada’s fires, and if you’ve been reading carefully so far, then more forests were burnt in Canada during the catastrophe than were lost per year between 1990 and 2000. Another key determinant of lumber prices is construction activity since more homes built spur the demand for food and force suppliers to expand their supply which causes a price increase.

If you’re interested in investing in the lumber industry, then we’ve also made a list of the 15 Biggest Lumber Companies in the World which ranks the firms based on their annual softwood production in 2021. The three biggest lumber companies in this list are West Fraser Timber Co. Ltd. (NYSE:WFG), Canfor Corporation (OTC:CFPZF), and Weyerhaeuser Company (NYSE:WY).

With these details in mind, let’s take a look at the least forested countries in Europe.

mark smith nsb/Shutterstock.com

Our Methodology ‘

To compile our list of the least forested countries in Europe, we used data from the FAO’s Global Forest Resources Assessment (FRA) published in 2020. This report is published every five years, and it covers the forest cover of all countries in the world.

25 Least Forested Countries in Europe

25. Portuguese Republic

Forest Cover in (‘000) Hectares: 3,312

Portugal is a Southwestern European nation with high levels of human development. It has a $267 billion economy, and low forest levels can somewhat be attributed to the paper industry in its rural areas.

24. United Kingdom of Great Britain and Northern Ireland

Forest Cover in (‘000) Hectares: 3,190

The U.K. boasts one of the largest economies in the world, but one that has struggled since the coronavirus pandemic. Due to its small land mass, even though the U.K. has lower forest cover compared to other countries, it covers roughly 12% of its area.

23. Georgia

Forest Cover in (‘000) Hectares: 2,822

Georgia is an Eastern European nation that is one of the smallest countries in the continent in terms of area. It has experienced rapid deforestation over the past couple of decades due to economic activities.

22. Republic of Serbia

Forest Cover in (‘000) Hectares: 2,723

Serbia is a Central European country with hundreds of environmentally protected areas. Its forest ownership is roughly equally divided between the public and private sectors.

21. Czech Republic

Forest Cover in (‘000) Hectares: 2,677

The Czech Republic is a landlocked Central European country with a $330  billion economy and high levels of human development.

20. Republic of Estonia

Forest Cover in (‘000) Hectares: 2,438

Estonia is a Northern European country located close to Russia and Finland. It is one of the most bio diverse nations in the world and forests cover nearly half of Estonia.

19. Republic of Lithuania

Forest Cover in (‘000) Hectares: 2,201

Lithuania is a Baltic European nation. It has a $78 billion economy and it relies heavily on its forests for industrial production and output.

18. Bosnia and Herzegovina

Forest Cover in (‘000) Hectares: 2,188

Bosnia and Herzegovina is a Southeastern European country. It has four major forest regions, and close to half of the country’s area is covered by forests.

17. Hungary

Forest Cover in (‘000) Hectares: 2,053

Hungary is a Central European country with a $188 billion economy and high levels of human development. It shares its forest ecosystem with several countries including Ukraine, Austria, Romania, and Bosnia and Herzegovina.

16. Republic of Croatia

Forest Cover in (‘000) Hectares: 1,939

Croatia is a Central and Southeastern European country which is one of the most developed nations in the world. It has a $78 billion economy.

15. Slovak Republic

Forest Cover in (‘000) Hectares: 1,926

Slovakia is a landlocked Central European country. It has high levels of human development and a $127 billion economy. Forests cover more than 40% of its area.

14. Swiss Confederation

Forest Cover in (‘000) Hectares: 1,269

Switzerland is a prosperous country with a well developed banking and finance industry. The country has one of the highest GDP per capita in the world, but this is accompanied by equally high living costs.

13. Republic of Slovenia

Forest Cover in (‘000) Hectares: 1,238

Slovenia is one of the smallest countries in the world in terms of both its population and area. It has a small $68 billion economy but a high GDP per capita of $32,214.

12. Montenegro

Forest Cover in (‘000) Hectares: 827

Montenegro is a Southeastern European nation that covers an area of 13,812 square kilometers. It is one of the most bio diverse countries in Europe which features several different kinds of forests.

11. Republic of Albania

Forest Cover in (‘000) Hectares: 789

Albania is a relatively poor country by European standards since it has a GDP per capita of $6,369. It has thousands of different kinds of plant species and forests are located in the mountainous regions of the country.

10. Republic of Ireland

Forest Cover in (‘000) Hectares: 782

Ireland is a developed European country that covers the island of Ireland. Natural causes and clearing for agriculture are some of the reasons that its forest cover has dropped over the years.

9. Kingdom of Belgium

Forest Cover in (‘000) Hectares: 689

Belgium is one of the most developed countries in the world. It has a $624 billion economy and a GDP per capita of $53,377.

8. Denmark

Forest Cover in (‘000) Hectares: 628

Denmark is a Nordic European country that has one of the poorest records in Europe when it comes to preserving its forests as large areas have been transformed into land for agricultural use.

7. Republic of Moldova

Forest Cover in (‘000) Hectares: 387

Moldova is a landlocked Eastern European country. Forests cover a small percentage of its area and are full of different kinds of animals.

6. Netherlands

Forest Cover in (‘000) Hectares: 370

The Netherlands is a developed country with a $1 trillion economy. It has lost most of its original forests and the ones present right now are non native species. Netherlands’ original forests belonged to the Western European Atlantic mixed forests. These included a variety of animals such as different species of deer and bears.

Click here to continue reading and check out 5 Least Forested Countries in Europe.

Suggested articles:

Disclosure: None. 25 Least Forested Countries in Europe is originally published on Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

  • The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
  • Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
  • Lifetime Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

  1. Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
  2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
  3. Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…