Timber Update March 2021

4th Mar 2021

Timber Update March 2021

As we head towards the Spring, all the signs in the timber markets are pointing to a very busy quarter, as UK homeowners look to spend their holiday money on home and garden improvements. This is echoed across most of Europe and the USA and is only going to exacerbate the supply issues we are already seeing. Prices will continue to rise for most products and availability will be an issue for many.

To view our range of timber products, click here.

Industry Update

  • Confidence in the UK’s vaccination programme is set to aid a stronger economic recovery in 2021. This is mirrored in the industry predictions seen in the Construction Product Association’s Q4 Construction Survey released this week (free access to TTF members).
  • Q4 also marked a noticeable increase in inflationary pressure for the supply chain. As lockdown restrictions have been eased, the rapid recovery in construction has been replicated across developed economies such as the US and Europe, as well as developing economies in Asia, which in turn, has led to a spike in global demand for raw materials.
  • For the UK, reports of shortages or transport delays for imported products such as steel, timber and white goods have been widespread. Perhaps not surprisingly, this also translated into rising cost pressures in Q4.

To read the Q4 Construction Survey, click here.

Timber Market Update

  • Figures published recently by the Timber Trade Federation (TTF) show timber and panel imports reached 1.08 million m³ in November 2020, which was the highest monthly total since the October 2007 volume of 1.04 million m³. This was the second consecutive month where timber and panel imports were above the 1 million m³ mark.
  • The USA Random Lengths Lumber prices passed the $1,000.00 level this month for the first time, showing the strength in demand continues and is still attracting supply away from UK and EU markets.

To read the full TTF article, click here.

Screenshot 2021 02 26 113457

Product Update

We have received recent shipments of softwood decking, which are now available for prompt delivery.

Please contact us for the details of the sizes and quantities available.

Decking 1

Fun Fact!

Did you know that trees can communicate with each other?

In a recent BBC CrowdScience episode, presenter Marnie Chesterton reveals how right under our feet, trees use a fungal network nicknamed the ‘Wood Wide Web’ to communicate.

To listen to this BBC CrowdScience episode, click here.

P06cfn06

Share this news article:

Recent news

Taylor Maxwell 29th Mar 2022

Timber Update March 2022

The Timber Trade Federation (TTF) have advised its members to cease trading with Russia and Belarus due to the ongoing conflict in Ukraine. This will continue to have a major ...

Taylor Maxwell 24th Jan 2022

Timber Update January 2022

Global and EU-UK customs regulations saw various changes on 1st January 2022. The new requirements cover six areas, including new customs codes with Chapter 44 for wood produc...

Taylor Maxwell 1st Dec 2021

Our Year in Review 2021

Following on from a challenging year in 2020, we have been pleased to see the construction industry bounce back, with activity returning close to pre-pandemic levels. Througho...