UK Tropical Wood Product Imports Fall Sharply In July And August. ITTO European Market Report 31st October 2022

Tropical timber imports

The import value of tropical wood and wood furniture into the UK in the opening eight months of this year was USD1.06B, 21% more than the same period last year. Following the strongest start to the year in terms of UK import value since before the 2008 financial crises, imports fell sharply during July and August (Chart 1).

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38% Rebound In UK Imports Of Tropical Wood And Wood Furniture Products. ITTO European Market Report 15th December 2021

Hardwood furniture

The UK imported tropical wood and wood furniture products with a total value of USD1.1 billion in the first ten months of 2021, a 38% increase compared to the same period in 2021. Import value to end October this year was also 4% more than the same period in 2019 before onset of the COVID pandemic. Following the sharp increase in April this year, when import value was at the highest monthly level since before the financial crises of 2008 – 2009, imports declined only slightly from this peak between May and October (Chart 1). Continue reading “38% Rebound In UK Imports Of Tropical Wood And Wood Furniture Products. ITTO European Market Report 15th December 2021”

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Imports Of Tropical Wood Rebound In The UK But Lose Share In A Rising Market

UK Tropical Wood Imports Graph

The UK imported tropical wood and wood furniture products with a total value of USD760 million in the first seven months of 2021, a 36% increase compared to the same period in 2020. Following the sharp increase in April, when import value was at the highest monthly level since before the financial crises of 2008-2009, imports declined only slightly from this peak between May and July (Chart 1).

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