In 2023, the UK imported plywood valued at 628 million Euros. Forecasts indicate a steady upward trend in plywood imports, with values expected to reach approximately 674 million Euros by 2028. This represents a year-on-year growth rate of about 1.5% and a compound annual growth rate (CAGR) of 1.4% over the five-year period from 2024 to 2028.
Future trends to watch for:
- Fluctuations in global wood supply and prices, impacting import costs.
- Shifts in government regulations concerning sustainable forestry practices.
- Potential economic changes, such as Brexit impacts, affecting trade agreements.
- Growth in construction demand affecting volume and value of imports.
