The UK import of coniferous wood in chips or particles is forecasted to decline steadily over the next five years, starting from 52.625 million kilograms in 2024 to 45.053 million kilograms in 2028. Comparing with 2023, this reflects a continued decreasing trend in import volume. The year-on-year variations indicate a consistent decline of approximately 3-5% annually. The compound annual growth rate (CAGR) over the five-year period will reflect this downward trend, indicating an average reduction rate in imports year-on-year.
Future trends to watch for include potential changes in domestic production capacities, shifts in demand for alternative materials or energy sources, and any policy changes affecting import tariffs or sustainability regulations that might impact the import volume of coniferous wood to the UK.
