EU timber Imports Rise To Highest Level

Yokohama, Japan: According to ITTO, the total value of EU imports of wood products was €17.48 billion in 2016, 1.3 percent more than in 2015. This followed an increase of 12 percent to €17.25 billion in 2015. In 2016 EU import value was at the highest level since 2008 just before the global financial crises.

The value of the euro plunged 20 percent against the US dollar between 2014 and 2015, resulting in a sharp increase in euro import prices at that time, particularly for goods from North America and Asia. 

This was a major factor boosting the value of EU imports in 2015.

However, the value of the euro remained relatively stable against the US dollar between 2015 and 2016 and had much less impact on the import value trend last year.

 

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