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.