The UK's import of non-coniferous wood in chips or particles has shown a consistent upward trend, with forecasted growth from 2024 to 2028. In 2023, the import volume stood at approximately 15.64 million kilograms. Year-on-year percentage increases show gradual growth: 2024-2025 by 0.47%, 2025-2026 by 0.45%, and so forth. Notably, the compound annual growth rate (CAGR) for the period from 2024 to 2028 is approximately 0.45%, indicating steady but modest growth.
Future trends to watch for:
- Impact of environmental regulations on sourcing and import practices.
- Technological advancements facilitating more efficient wood processing.
- Potential economic and political changes influencing trade agreements and tariffs.