In 2023, Italy imported logs of Keruing, Ramin, Kapur, Teak, Jongkong, and Merbau wood valued at approximately 17 million US dollars. Forecasted figures indicate an upward trend from 2024 onwards, with the value reaching close to 18.9 million US dollars by 2028. This represents a steady compound annual growth rate (CAGR) over the five-year period.
Year-on-year variations are as follows:
- 2024-2025: 2.2%
- 2025-2026: 2.1%
- 2026-2027: 2.0%
- 2027-2028: 1.9%
Future trends to watch for:
In the coming years, Italy's demand for these specific wood logs is expected to continue growing, driven by trends in sustainable construction and furniture production. However, potential changes in trade regulations or shifts in global wood supply could impact these forecasts.
