The forecast for total wood-based panels imports to the UK shows a gradual increase from 3.71 million cubic meters in 2024 to 3.8 million cubic meters in 2028. This reflects a compound annual growth rate (CAGR) indicating very modest growth. The consistency in growth percentages over the years suggests a stable demand trend. In comparison, the volume stood at an estimated 3.68 million cubic meters in 2023, pointing to a steady rise in import volumes.
Future trends to watch for include:
- Impact of UK housing market and construction growth on wood-based panels demand
- Influence of sustainability and renewable resource initiatives on import preferences
- Possible effects of international trade policies on supply chains and pricing