In 2023, the UK imported approximately 34 million kilograms of logs consisting of Keruing, Ramin, Kapur, Teak, Jongkong, and Merbau wood. By 2024, forecasted imports are expected to rise to 36.104 million kilograms, marking a 6.19% increase from the previous year. The trend continues with annual growth rates projected at 5.37% for 2025, 4.99% for 2026, 4.66% for 2027, and 4.36% for 2028. The forecasting period shows a Compound Annual Growth Rate (CAGR) of approximately 5.11% from 2024 to 2028.
Future trends to monitor include:
- Potential trade policy changes post-Brexit that may influence import dynamics.
- Global economic conditions affecting the construction and furniture industries, major drivers for wood demand.
- Sustainability initiatives and regulations influencing sourcing and preferences.
