Softwood, hardwood, and plywood imports were all lower than in January 2023, but particleboard, engineered wood, OSB and MDF products all saw imports increase slightly at the start of this year.

For softwoods, a 9% reduction in volumes from Sweden was the largest contributor to the 9.6% drop, with import values also 15% lower in January 2024 than they were in January 2023.

This fall was caused by the volume decline, coupled with a 5.6% fall in the average price of a basket of softwood products, down from £256m3 to £241m3.

Hardwood imports experienced a 13.8% fall, largely due to tropical hardwood imports being down by around 3,000m3.

In contrast, volumes of temperate hardwoods increased by 2%, with imports from the USA, Croatia and Romania accounting for most of this growth. Overall plywood imports were also down 6%, though hardwood plywood volumes rose 36%, mostly due to a near 18,000m3 increase from China.

Substantial increases in particleboard imports from Belgium, Portugal and Spain helped account for the sector’s 3.4% growth, while OSB and MDF imports were up 6% and 4.1% respectively.

Finally, a 12.8% growth in engineered wood product import volumes rounds out the varied January 2024 results.

This month’s TDUK statistics also examine the impact of Brexit on timber supplies as we pass the latest anniversary since the UK left the European Union.

Although timber volumes have experienced steep rises and falls since Brexit, as well as being adversely affected by a pandemic, wars and a sluggish economy, a simple examination of import volumes both before and after the 31 January 2020 exit date reveals that little has changed in terms of timber import figures.

For softwoods, the proportion of timber arriving from Europe stands at 99% of the pre-Brexit figures, while for hardwoods, the percentage of trade with Europe has marginally increased from 66% in 2020 to 67% in 2023. For panel products, volumes imported from Europe have also changed by just 1%.

The only sector that has seen a noticeable reduction in European imports is MDF, which has fallen from 97% to 86%.

However, it is important to note that very keen prices on Brazilian and Chinese MDF are more likely to be the reason behind this change and imports from many European suppliers have increased in real terms.