The Timber Trade Federation (TTF) reports that the volume of the main timber and panel products imported in May 2021 are nearly 58% higher than May 2020.
This comes as the total volume of imported timber and panel products in the five months to May 2021 exceeds 5 million m³, which is 1.5 million m³ higher than the same period in 2020.
The growth in May 2021 over the previous year follows on from the record 103% growth in April 2021 over April 2020, which we highlighted last month.
Softwood is a major driver of this growth with 3.29 million m³ of softwood imported during this time, which is about 52% higher than in the same period last year, and 13% higher than in 2019.
Hardwood import volumes over the five months to May 2021 were 18% higher than 2020 showing a strong bounce back, but at a total of 0.2 million m³, they are yet to exceed 2019 imports figures.
A similar story to hardwood imports can be seen across both plywood imports and particleboard imports. OSB and MDF import volumes have however seen significant growth.