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Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Statistics / Wood Products / Wood-based panels / Europe / Global
July 4, 2018

Volatility in the UK timber trade due to Brexit and currency fluctuations

Volatility in the UK timber trade due to Brexit and currency fluctuations

The UK Timber Trade Federation (TTF) reports that the last two years’ have been volatile due to uncertainties over Brexit and subsequent currency fluctuation. The timber trade had weathered this until now, but into 2018 conditions have worsened, with wood and wood products imports declining 3.2% in the first quarter compared to the same period in 2017.

Imports from within the EU fell 1.5% to €1.11 billion while those from outside the EU fell 4.7% to €1.15 billion.

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