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June 15, 2020

EU tropical timber trade weakened before COVID lockdown

Having reached the highest level in more than a decade in October 2019, EU27+UK trade in tropical wood and wood furniture products slowed in the last two months of the year, a trend which accelerated in January and February this year. Contrary to expectations, with the large western European countries implementing COVID-19 lockdown measures during the month, EU imports of tropical wood products picked up again in March this year.  However, the rise in March is almost certain to be followed by a very large downturn in April and May with the shutdown of large sections ...

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