In 2023, the import of plywood with 1 or 2 outer ply tropical hardwood to Germany stood at an estimated value of 105 million US dollars. Forecasts suggest a steady year-on-year increase from 2024 to 2028, with projected values of 106.39 million in 2024, reaching up to 110.94 million by 2028. The compound annual growth rate (CAGR) over these five years is modest, highlighting a stable demand.
Future trends to watch for:
- Potential changes in trade regulations or tariffs that could impact import levels.
- Developments in sustainable and alternative materials which may affect the demand for tropical hardwood plywood.
- Fluctuations in construction activities across Europe, influencing plywood demand directly.