Timber packaging and pellet sector facing Brexit issue and used pellet shortage
In the UK, there is a shortage of used pellets in which recycling and biomass are driving some stocks off the market as there is strong demand for recycled pellets in the EU market.
Brexit, the withdrawal process of the United Kingdom from the European Union, is affecting the industry with administrative, time, and cost duties for goods crossing between the UK and the EU.
the global imbalance of container location around the world increased shipping prices, difficulty in logistics and its associated industries, and pressured the timber supplies due to post-lockdown demand in the Chinese and U.S. market.
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