May 2021 - Forest Industries Intelligence

31 May, 202115 March, 2022

EU27 Tropical Wood Product Imports Close to Decade High in March. ITTO European Market Report 31st May 2021

EU27 import value of tropical wood and wood furniture products was US$861 million in the first three months of this year, 6% more than the same period in 2020. After a slow start to the year in January and February, imports surged to US$327 million in March, only the second time since 2012 that monthly imports have exceeded US$325 million (the only other occurrence being in April 2019) (Chart 1).

UK Tropical Wood Imports Recover Ground Despite Supply Challenges. ITTO European Market Report 15th May 2021

The UK imported tropical wood and wood furniture products with a total value of US$290 million in Q1 2021, a 2% increase compared to the previous quarter and 6% up on Q1 2020 (even before the effects of the COVID pandemic were being felt – Chart 1). The strong performance in the first three months of this year reflect both a robust rise in consumption in the UK, supported by strong government stimulus measures, and the late arrival of delayed shipments from the previous year. The rise occurred despite severe logistical problems that have emerged in shipment of tropical wood products to the UK since the start of the pandemic.