In 2023, UK imports of tropical non-coniferous sawnwood stood at an undisclosed level, but the forecasts for the years 2024 through 2028 project a consistent year-on-year increase: 2024 at 83.32 million Euros, 2025 at 84.57 million Euros, 2026 at 85.8 million Euros, 2027 at 87.03 million Euros, and 2028 at 88.24 million Euros. The compound annual growth rate (CAGR) over the next five years is approximately 1.4%.
Future trends to watch for include:
- Potential impacts of environmental policies targeting sustainable sourcing.
- Fluctuations in global demand that could affect import levels.
- Possible effects of currency exchange rate volatility on import costs.
