- In August, timber imports fell for a 4 straight month and overall import volumes in the first 8 months of 2022 reached 6.8 million m³, the lowest January to August total since 2016.
- Softwood imports fell by 25% compared to 2021 and 16% compared to the pre-pandemic volumes in August 2019.
- The demand slowed in certain sectors, particularly from repair, maintenance, and improvement (RM&I) and low overall import volumes could also be attributed to healthy stock levels in the UK.
- The cost-of-living crisis with high energy prices has started harming consumer confidence and declining demand for home improvements.
- Posted on 2022/12/01