Timber packaging and pellet sector facing Brexit issue and used pellet shortage
Posted on November 18, 2021 |
- 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.