The forecast for Spruce-Fir roundwood imports to the UK from 2024 to 2028 shows a steady upward trend. The projected figures are 118.3, 123.08, 127.84, 132.57, and 137.28 thousand cubic meters, respectively. In 2023, the actual figures stood below 118.3 thousand cubic meters. The year-on-year growth rates over the forecasted period signal consistent increases. The Compound Annual Growth Rate (CAGR) for 2024-2028 suggests a moderate average annual increase, reflecting a stable demand.
Future trends to watch for in this sector include:
- Potential impacts of trade policies post-Brexit.
- Environmental regulations affecting timber imports.
- Economic factors influencing construction activity in the UK.
- Changes in global timber supply chains due to geopolitical developments.
