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September 24, 2018

European tropical imports disappointing this year

EU imports of tropical wood products have been subdued so far in 2018 with little sign yet of any rebound from the downturn in 2017.  Chart 1 shows twelve monthly rolling total imports (to iron out seasonal fluctuations) into the EU of all tropical wood products listed in HS Chapter 44 (excluding fuelwood, wood waste and chips).  It shows that imports peaked at an annualised level of 2.17 million metric tonnes (MT) in September 2016, slipped to a low of 1.94 million MT in March this year and had recovered only slightly, to 1 ...

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