The UK forecasted import volumes of logs such as Keruing, Ramin, Kapur, Teak, Jongkong, and Merbau wood show steady growth from 2024 to 2028, starting at 96.4 thousand cubic meters in 2024 and reaching 110.27 thousand cubic meters by 2028. In 2023, the import volume was 92.5 thousand cubic meters, indicating a year-on-year increase from 2023 to 2024. The year-on-year growth rates for each subsequent year average approximately 3.5%, reflecting a positive trend in import demand. The compound annual growth rate (CAGR) over the five-year period is projected to be around 3.4%.
Future trends to watch for:
- Potential impacts of environmental and trade policies on wood imports.
- Shifts in construction and furniture manufacturing sectors affecting demand.
- Global market dynamics and ecological sustainability concerns.
