Timber Imports into UK Decreased in 2022, but Outlook for Timber Usage Remains Optimistic
Timber imports decline in 2022 but continue long-term average growth
According to recently released statistics from Timber Development UK (TDUK) and reporting by the Timber Trades Journal (3-13-23), imports of the main timber and panel products in 2022 were 2.4 million m3 lower than in 2021. TDUK, however, sees reasons for a brighter outlook in 2023, with improved economic forecasts for later in the year.
TDUK reports that the quantity of all imports in 2022 totaled 9.3 million m3, a 20% decline from 2021. The decline was led by a 25% reduction in softwood imports when compared to the previous year. However, despite the significant fall in both volume and total value, the average cost price of softwood imports rose 7% as worldwide demand remains strong.
The bright spot in timber and panel product imports is hardwood, which saw an increase in volume of 7% above 2021 levels. Hardwood imports totaled 576,000 m3, at a value of £433 million, which made 2022 the best year for hardwood imports by the UK this century.
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