Forecast: Import of Lumber of Okoume, Obeche, Sapelli, Sipo, Acajou, Makore Wood to the UK

The estimated import volumes of Okoume, Obeche, Sapelli, Sipo, Acajou, and Makore wood to the UK are showing a slight but consistent decline over the forecasted period from 2024 to 2028. In 2023, the actual import volume was at 50.52 million kilograms. Starting from 2024, the volume projections decrease from 50.02 million kilograms to 47.916 million kilograms by 2028. This represents a year-on-year decline of approximately 1-1.1%, averaging a compound annual growth rate (CAGR) decline of approximately 1% over the five-year period.

Future trends to watch for include:

  • The impact of sustainable forestry practices and certifications on import preferences.
  • Fluctuations in construction demand influenced by economic growth and housing developments in the UK.
  • Potential shifts towards alternative materials or suppliers due to changes in trade policies or tariffs.

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