UK sees reduction in timber import deficit

UK's timber import volumes for the first six months of 2024 remain lower than we saw in 2023, but monthly figures show that the deficit is continuing to fall, raising hopes that 2024 as a whole may end up meeting, or even marginally exceeding, the previous year. Volumes of the main timber and panel products from January to June 2024 were 3.6% lower than during the same period in 2023. However, it’s important to note that the deficit has reduced steadily every month since March 2024 and, with second-half 2023 volumes having been relatively weak ...