European plywood importers look to 2025 for market upturn

Leading European plywood importers have forecast trade to be on a level with 2023 or be only marginally up this year. They are not expecting a more robust recovery until next year. A UK importer-distributor of temperate and tropical plywood said their market ‘still feels depressed’. “We expect 2024 to remain flat,” they said. “We don’t anticipate much change until interest rates fall and house building kick starts the UK economy. We just hope that the new UK government lives up to its pledge to back construction to build 1.5 million new dwellings in the next ...