Against the backdrop of pressing environmental challenges such as global warming, nations are intensifying efforts to reduce energy consumption and emissions in the future. The carbon-neutral attribute of wood is being reassessed, signaling a potential shift in consumption patterns. This study aims to forecast wood consumption in Germany from 2020 to 2050 and evaluate the ability of domestic forests to meet demand. Employing a material flow analysis approach and considering recent data alongside Germany’s Climate Action 2050 goals, consumption projections were made for sectors such as building, paper, energy, furniture, and packaging. Results indicate a significant surge in wood consumption, particularly in the scenario with a high residential renovation rate, necessitating substantial wood imports to fulfill demand. Energy and building emerge as pivotal sectors for reducing wood consumption. This research fills a gap in prospective prediction on wood consumption, which is essential for aligning strategies with environmental objectives.