Softwood supply finally catching construction demand

Written by Wood Campus

Nov 29, 2021

Industry | News

The front cover image of the latest Timber Trade Federation (TTF) Market Statement 2021.

More than seven million m3 of timber and panel products were imported by the UK between January and July 2021, according to the latest Timber Trade Federation (TTF) Market Statement.

This is nearly two million m3 above the same period in 2020, and half a million m3 above 2019 levels – the UKs last ‘regular year’ before COVID-19 – which is about an 8% increase.

These record-breaking volumes of imports reflect high demand for timber products with a strong RM&I sector and a resurgent private housing market having kept supply on allocation.

Timber prices, and structural softwood in particular, experienced rapid increases over the course of 2021, a trend explored in an earlier joint timber industry Market Statement in July.

These latest TTF statistics show the average price of sawn and planed softwood in May, June and July rose by 55%, 65% and 88% respectively over their corresponding months in 2020.

Read the full story HERE.

More News

Timber in construction roadmap UK policy

Timber in construction roadmap UK policy

The Government has committed to growing and maintaining a sustainable and long-term supply of domestic timber and wood products in the 2023 Environmental Improvement Plan. We have awarded £7.6 million through the Woodlands into Management Forestry Innovation Funds to...

Government commits to more timber construction

Government commits to more timber construction

The Government has set out an ambitious plan to raise the use of timber in the construction of homes and buildings. It has published a roadmap to boost the safe use of sustainable UK timber in construction while planting forests to increase domestic timber supply. By...

8 Billion Trees

8 Billion Trees

Wood Campus is always keen to promote content and resources which we know will be of interest to our regular visitors and this is why we are drawing your attention to the 8 Billion Trees mission.8 Billion Trees is dedicated to reducing carbon emissions using tree...

TDUK market forecasts at London conference

TDUK market forecasts at London conference

UK and international timber traders gathered in strong numbers for Timber Development UK’s Global Market Conference in London on Wednesday at a time of difficult market dynamics. A noticeably downbeat market sentiment was palpable at the event held in Carpenters Hall,...

Learning Through Timber

Learning Through Timber

The new ‘living lab’ at NMITE will act as a home for Centre of Advanced Timber Technology students to learn more about timber and a net zero approach to building materials.A new purpose built 2,500sqm ‘living lab’ for the New Model Institute for Technology and...