Europe’s timber trade with the Gulf is breaking under shipping pressure

Europe’s timber trade with the Gulf is slowing fast. What began as a shipping disruption in the Strait of Hormuz is now spreading through freight networks, sawmills and export markets across the continent. According to new Eurostat data, EU timber exports to the United Arab Emirates fell 14% year-on-year in January to 29,500 cubic metres. The decline came before the full impact of the Strait of Hormuz closure was reflected in monthly trade flows. The February and March figures are expected to be worse. For European sawmills, the problem is no longer only ...

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