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A slower housing and RM&I market in Q1 2022 is being reflected in timber import volumes, which fell below the record levels seen in 2021, according to the latest Timber Development UK statistics.
The statistics show that while timber import volumes are nearly 20% lower in February 2022 than those of February 2021, they remain slightly above the pre-pandemic levels of February 2020.
While this was the fifth consecutive month where total timber import volumes were below the previous year, it marks a return to more expected patterns within the market.
The biggest factor driving change between February 2022 and February 2021 was a 178,000m3 decline in softwood imports, with hardwood and plywood imports up by 32% and 8% respectively.
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