In 2023, the UK imported tropical non-coniferous plywood valued at a certain amount that set the baseline. Forecasts indicate a gradual decline in import values from 75.02 million Euros in 2024 to 68.43 million Euros in 2028. Key variations show a consistent decrease over the years, with year-on-year reductions of approximately 2% to 3%. The compound annual growth rate (CAGR) over the forecast period highlights an ongoing average annual decrease of approximately 2.5%.
Future trends to watch for include:
- Economic factors and trade policies affecting import costs.
- Developments in sustainable sourcing and demand for alternative materials.
- Fluctuations in construction sector demand within the UK.
