EU tropical sawn hardwood imports rose 9% in 2015

Market: Lumber
Posted April 28, 2016
Apr 29, 2016. /Lesprom Network/. In 2015, EU imports of tropical sawn hardwood were 1.05 million cubic metres, 9% more than previous year. The value of EU imports increased by 15% to Euro 772 million, ITTO reported.

The average unit value of tropical sawn hardwood imports into the EU in 2015 was Euro 732 per cubic meter, up from Euro 670 per cubic meter the previous year, the increase due to the euro being on average 20% weaker against the US$ in 2015 compared to 2014.

While the rise in EU imports of tropical sawn hardwood in 2015 is encouraging, the volume of imports remains at historically very low levels. Import volume in 2015 was only 40% of the level prevailing before the global financial crises and fell short even of the level between 2009 and 2011 in the immediate aftermath of the crises.

The pace of increase in import volume in 2015 was also slower than for temperate sawn hardwoods which jumped 19% to 1.26 million cubic metres. The share of tropical in total EU sawn hardwood imports fell from 48% in 2014 to 46% in 2015, continuing a long term trend.

On the other hand, the loss of tropical wood’s share in EU sawn hardwood imports is less obvious in euro value terms; tropical wood’s share was 57% in 2015, the same as the previous year and not too far short of the level of 62% that prevailed before the global financial crises.

+7 499 6535608
Ordzhonikidze, 11 109028 Moscow, Russia

Comments

To like this you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
To leave comments you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
We welcome comments that advance the story through relevant opinion and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Lesprom Network. For more information on our comment policy, see: https://www.lesprom.com/legal/comment_policy/
Back to top