Read the May 2021 Market Statement
TTF issues October statistics on supply & demand of timber in the UK
Seven months into 2021 and volumes of timber and panels imported by the UK were nearly 2 million m³ higher than the first seven months of 2020.
This growth has largely been driven by softwood imports, up by 43.6% compared to the same period in 2020, however most product categories have seen an increase – with hardwood imports also up by 26%.
The statistics also indicate that supply and demand imbalances are continuing to influence timber prices, with softwood, hardwood and plywood all increasing in value over the last few months.
Evidence is beginning to suggest that the construction market is being severely constrained by the supply of skilled labour and materials.
Recent CPA statistics show reduced construction output as we head into autumn largely due to the effects of HGV shortages, fuel shortages and port congestion.