Tropical Wood Imports Slow Archives - Forest Industries Intelligence

31 January, 202330 January, 2023

EU27 Tropical Wood Imports Slow As Economic Outlook Deteriorates. ITTO Market Report 31st January 2023

In the first ten months of 2022, the EU27 imported 1.68 million tonnes of tropical wood and wood furniture products with a total value of USD3.79B, respectively 15% and 24% more than the same period the previous year. However, imports have been slowing since summer 2022 and the economic outlook in the EU deteriorated sharply in the last quarter of the year. The war in Ukraine is contributing to huge increases in energy prices, while business and consumer confidence has been hit by expectations of higher interest rates to control inflation. Continue reading “EU27 Tropical Wood Imports Slow As Economic Outlook Deteriorates. ITTO Market Report 31st January 2023”

EU27 Tropical Wood Imports Slow With Mounting Signs Of Recession. ITTO Market Report 30th November 2022

In the first nine months of this year, the EU27 imported 1.53 million tonnes of tropical wood and wood furniture products with a total value of USD3.48B, respectively 15% and 25% more than the same period the previous year. However, imports have been slowing since the summer and, as Europe moves into the winter months there are ominous signs of recession ahead. The war in Ukraine is contributing to huge increases in energy prices, while business and consumer confidence has been hit by expectations of higher interest rates to control inflation.

Continue reading “EU27 Tropical Wood Imports Slow With Mounting Signs Of Recession. ITTO Market Report 30th November 2022”