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September 6, 2022

Ukraine war creates new opportunities in the EU market for some tropical wood products

Ukraine war creates new opportunities in the EU market for some tropical wood products
Between April and June this year, EU27 import value of tropical wood and wood furniture products was, in dollar terms, at the highest quarterly level since at least before the 2007-2008 financial crisis. Imports of US$1.27B during the second quarter of 2022 were 11% more than the previous quarter and 25% more than the same quarter the previous year.    In the first six months of this year, import value of tropical wood and wood furniture totalled US$2.42B, a gain of 29% compared to the same period last year. Part of the ...

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