Imports of the main timber and panel products in the three quarters of 2022 were 21% below the same period in 2021. However, the long to medium-term trend of timber imports remains positive amid the volatility of the last few years.
Imports of the main timber and panel products for the three quarters of 2022 were almost exactly 2 million m3 lower than over the same period in 2021. Imports in 2022 to date totaled 7.4 million m3, a decline of 21%.
In the nine months of January to September 2022, solid wood imports were 25% lower than in the nine months of 2021 and imports of panel products were 13% lower.
Imports volumes were nearly 38% lower in Q3 2022 than in Q3 2021. The last time a drop in quarterly volume was of this scale was in Q1 2009 at the time of last recession and the banking crisis of that time.