March 2022 - Forest Industries Intelligence

31 March, 20229 July, 2022

Rise In Prices Drives Large Increase EU27+UK Tropical Wood Import Value. ITTO European Market Report 31st March 2022.

In 2021, the EU27+UK imported 2.22 million tonnes of tropical wood and wood furniture with a total value of USD4.93 billion, a gain of 8% and 27% respectively in quantity and value terms. Compared to the pre-pandemic level of imports in 2019, imports last year were up 12% in value terms but still down 6% in quantity terms.

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EU27 Tropical Wood Import Value Up 23% In 2021. ITTO European Market Report 15th March 2022

EU27 import value of wood and wood furniture products from tropical countries was USD3.69 billion in 2021, a gain of 23% compared to the previous year and 15% more than the pre-pandemic level in 2019. Imports finished the year strongly, the USD value of trade in November and December being at the highest level recorded for these two months for over a decade (Chart 1).

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