EU plywood imports fall from record highs to record lows

For the first time ever in a 12-month period, total EU+UK imports of plywood from outside the region exceeded 5 million cu.m between 1t July 2021 and 30th June 2022. However, by the end of September 2023, the twelve- month rolling total had fallen to just 3.3 million cu.m (Chart 1a). If imports remain weak in the fourth quarter, which seems likely, total EU+UK imports for the whole of 2023 could fall below 3.1 million cu.m, which is the previous record low occurring during the global financial crises in 2009 ...