The forecast data indicates that engineered wood imports to the UK are expected to stabilize, from 1.25 million cubic meters in 2024 to 1.26 million annually from 2025 to 2028. In 2023, the actual import volume stood at approximately 1.24 million cubic meters. The year-on-year increase from 2023 to 2024 is a modest 0.81%. From 2024 onwards, the annual growth is flatter, showing no significant variations, resulting in an expected CAGR close to 0.16% over the span from 2024 to 2028.
Future trends to watch for:
- Sustainability concerns potentially influencing material sourcing decisions.
- Technological advancements in engineered wood production enhancing competitiveness.
- Construction industry demands impacting import levels.
- Potential policy changes post-Brexit affecting trade dynamics.
