Hardwood imports from the EU down 4% in first five months of 2016

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Hardwood imports from the EU down 4% in first five months of 2016

The market share of UK hardwood imports coming from the EU is shrinking, says the latest TTF Statistical Bulletin.

As reported by the Timber Trade Federation, in the five months to May 2016 - before the result of the EU referendum was known - the percentage of hardwood imports from the EU was 49%, down from the 53% in 2015

The main global supply country of hardwood to the UK remains the US accounting for around 25% of total imported volume.

Other main suppliers include Estonia and Italy for temperate hardwood; Cameroon and Malaysia for tropical hardwood.

Significantly, the great majority of tropical imports (78%) are supplied by non-EU countries, but large amount of volumes are transhipped to the UK through EU member countries like the Netherlands and Germany.

 

[News URL: http://www.cti-timber.org/content/hardwood-imports-eu-down-4-first-five-months-2016]