UK’s wood imports remain subdued but there is optimism for 2025

UK's wood imports for July, the latest month for which data is available, were higher than in July 2023 – the second consecutive month that we have seen growth compared to the previous year. Import volumes grew by 0.5% in June 2024, followed by 2.9% in July. As a result, the deficit of import volumes in 2024 compared to 2023 is continuing to reduce. Considering that the market saw comparatively weaker import volumes during the second half of 2023, if even modest improvements continue during the second half of 2024, we will likely see total import volumes ...