The forecasted exports of wood from the UK indicate a steady decline from 880.0 thousand metric tons in 2024 to 760.0 thousand metric tons by 2028. In 2023, the actual export stood at 900.0 thousand metric tons, showing a year-on-year decrease of approximately 2.2% from 2023 to 2024. Over the last two years, the average annual decline in exports is 3.4%. The compound annual growth rate (CAGR) for the period 2024-2028 is -3.6%, reflecting a consistent decrease over this five-year period.
Future trends to watch for include potential impacts of ongoing environmental policies, trade agreements, and shifts in global demand for wood products. Changes in these factors could significantly affect the predicted export volumes, either mitigating the decline or accelerating it.
