Sharp Slowdown in EU Wood Furniture Trade at the End of 2018 – ITTO Market Report 31st March 2019

After a strong start to the year, the trade in wood furniture slowed sharply in the last quarter of 2018. EU imports of wood furniture from outside the region, which were up 6% in the first nine months of 2018, finished the year down around half a per-centage point compared to 2017 at €6.36 billion. This is a reversal of the slow recovery in EU imports that began in 2013. (Chart 1).

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Partial Rebound in EU Tropical Timber Imports in 2018 – ITTO European Market Report 15th March 2019

EU imports of tropical wood products rebounded in 2018 following a dip in 2017. The pace of tropical wood product imports increased in the second half of 2018 after a slow start to the year. In total, the EU imported 2.09 million metric tonnes (MT) of tropical products listed in HS Chapter 44 (excluding fuelwood, wood waste and chips) in 2018, 6% more than in 2017 (Chart 1). The total value of imports was €2.23 billion in 2018, 4.4% more than the previous year. 

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