GEELONG, AUSTRALIA: Australia’s total imports of Engineered Wood Products (EWPs)* were valued at AUD312.0 million on a free-on-board (FOB) basis, year-ended May 2024. The result saw the value of annual imports increase 0.4% compared to the prior month. The resilience of the imports in a period when demand for many products has deteriorated under the weight of cost-of-living pressures, underscores the increase in prices for many engineered wood products, as well as their importance to Australia’s dwelling construction industry. 

GLT (Glue Laminated Timber) 

Imports of GLT were valued at AUD44.6 million year-ended May 2024, 1.6% lower than for the previous month. Monthly imports were valued at AUD3.4 million in May, 8.7% lower than the previous month’s AUD3.7 million.

As the chart and table demonstrate, New Zealand (33.9%), Indonesia (22.0%), and China (18.2%) dominated import supply across the year. Unfortunately, the data does not provide further details – of volumes, quantities or species for instance – but the data does add to understanding of the total size and value of the Australian market.

CLT (Cross Laminated Timber)

Imports of CLT were valued at AUDFob1.36 million year-ended May, down 4.8% on the year-ended May. Over the year, supplies from Austria accounted for 94.2% of the total value.

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