The European wood trade balance in 2023 showcases a diverse array of country performances. The United Kingdom leads as the largest net importer with 17.64 million metric tons, followed by Italy and Belgium. Notably, Germany, Czech Republic, and Latvia are significant net exporters. Year-on-year data shows varied trends, with the Netherlands posting a 14.33% increase, while some countries like Denmark and Greece see declines. The overall five-year period sees the UK exhibiting the most considerable growth.
Future trends to watch:
- Environmental policies pushing sustainable forestry practices.
- Technological advancements in timber processing.
- Potential market shifts due to economic and political factors like Brexit.
- Increased demand for renewable materials boosting industry growth.
Top countries in Wood Trade Balance by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 17,640 | 2023 | +3.49% | +4.72% | View data |
| 2 | 2 Italy | 11,230 | 2023 | +4.95% | +0.21% | View data |
| 3 | 3 Belgium | 10,190 | 2023 | +1.25% | +4.21% | View data |
| 4 | 4 Austria | 5,930 | 2023 | +3.86% | View data | |
| 5 | 5 Sweden | 4,990 | 2023 | +11.17% | View data | |
| 6 | 6 Denmark | 4,950 | 2023 | +1.5% | -2.08% | View data |
| 7 | 7 Netherlands | 3,040 | 2023 | +1.85% | +14.33% | View data |
| 8 | 8 Finland | 2,750 | 2023 | -5.07% | +1.77% | View data |
| 9 | 9 Portugal | 2,100 | 2023 | +4.44% | View data | |
| 10 | 10 Luxembourg | 829.43 | 2023 | -1.77% | View data |
