In 2022, the quantity of all imports fell by 20% to 9.3 million m³ from 2021, which was led by a 25% decline in softwood imports when compared to the previous year.
However, despite the significant fall in volume and total value, the average cost price of softwood imports grew by 7% as worldwide demand remains strong.
The bright spot in timber and panel product imports is hardwood, which saw an increase in the volume of 7% above 2021 levels.
Hardwood imports totaled 576,000 m3, at a value of £433 million, which made 2022 the best year for hardwood imports by the UK this century.
However, despite the significant fall in volume and total value, the average cost price of softwood imports grew by 7% as worldwide demand remains strong.
The bright spot in timber and panel product imports is hardwood, which saw an increase in the volume of 7% above 2021 levels.
Hardwood imports totaled 576,000 m3, at a value of £433 million, which made 2022 the best year for hardwood imports by the UK this century.