Forecast: Wood Imports to the UK

The forecast data indicates a gradual increase in wood imports to the UK from 2024 to 2028. Starting at 19.12 million metric tons in 2024, imports are projected to reach 21.46 million metric tons by 2028. Assuming the 2023 wood import volume stood at approximately 18.53 million metric tons, this reflects steady annual growth.

The year-on-year growth rates reveal a consistent upward trajectory, averaging around 1.6% to 2.4% over the forecasted period. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.3%.

Future trends to watch for include:

  • Potential impacts of global trade policies on wood imports.
  • Sustainability initiatives driving changes in import demand.
  • Technological advancements influencing timber supply chains.
  • Economic factors affecting construction and furniture sectors, which heavily use imported wood.

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