Economic outlook - Page 1

Stay up to date with the latest economic outlook news in the global timber industry

Latest Economic outlook Update

Timber import volumes growing long term, despite recent fluctuations
15 December, 2022
Average timber import totals from 2010 to 2022 have seen steady growth, despite significant fluctuation in 2021 and 2022, according to the latest statistics from Timber Development UK (TDUK).
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TDUK responds to Autumn Statement
Thursday, November 17, 2022 Timber Development UK (TDUK) has reacted to the Chancellor’s Autumn Statement by imploring the government to provide certainty and stability to help the construction sector.
Wood-based panels manufacturers facing perfect storm this winter
Monday, October 17, 2022 Wood-based panel producers in Europe are likely to face a complicated winter due to the multiple challenges of reduced demand and increased energy and raw material/supply costs, a top industry executive told a 300-strong panel sector audience in Hamburg on October 13.
Builders’ merchants sales dip recorded in timber, joinery and landscaping in Q2
Tuesday, August 30, 2022 Q2 sales volumes at UK builders merchants revealed a reverse in timber, joinery and landscaping products.
Nordic sawmillers post record results but signal caution on autumn market dynamics
Tuesday, August 16, 2022 Nordic sawmillers have reported some record-breaking financial results in recent weeks but are signalling that some highly uncertain times may lay ahead for markets in the autumn.
International Softwood Conference prepares for Copenhagen event
Tuesday, August 16, 2022 Registration is now open for the 70th International Softwood Conference (ISC) taking place this year in Copenhagen on October 12-13.
Timber forum hears signs of reducing demand and consumer confidence
Friday, May 13, 2022 Signs of reducing demand and falling consumer confidence were reported at the most recent Builders Merchants Federation (BMF) Timber Forum in London.
UK construction product availability mostly good, says industry working group
Thursday, January 20, 2022 Stock availability for most construction products, including timber, has been described as relatively good in a statement issued by the Construction Leadership Council’s Product Availability working group.
New ONS data points to 10% rate of UK house price inflation
Thursday, January 20, 2022 Average UK house prices grew by 10% in the year to November, 2021, according to new data published by ONS.
Roofing Megastore publishes research into building materials price growth
Wednesday, November 17, 2021 Online roofing product sales platform Roofing Megastore has completed its own building materials pricing research showing the huge spikes in timber and steel prices in the past year.
BMBI reports continued strong year-on-year growth
Wednesday, October 20, 2021 The latest report from the Builders Merchant Building Index (BMBI) reveals that builders’ merchants’ August value sales were 23.0% higher year-on-year, with timber & joinery products once again topping the list of best performing categories (+51.5%).
TTJ softwood market update: market hits the buffers
Wednesday, October 20, 2021 After a long run starting in April 2020 of steadily increasing prices fed by softwood shortages and strong demand, the UK trade appears to have hit the buffers with several ports filled to capacity, writes TTJ’s Softwood Specialist.
Softwood supply finally catching construction demand, says TTF
Tuesday, October 19, 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.
TTF’s David Hopkins talks timber supply on BBC News
Monday, August 09, 2021 Timber Trade Federation CEO David Hopkins has appeared on the BBC TV 6pm news to talk about current timber supply issues affecting the UK.
Builders’ Merchants’ sales up year-on-year as industry continues growth trajectory
Tuesday, July 20, 2021 The latest figures from the Builders Merchants Building Index (BMBI) reveal that year-on-year sales through UK builders’ merchants are on an upward trajectory, as the industry continues to meet sustained high demand for building products.
International Softwood Conference goes hybrid
Wednesday, June 23, 2021 The 69th International Softwood Conference (ISC) will be a hybrid conference taking place in Helsinki on October 13-14.
Global wood-based panels conference to debate panels markets on May 11
Friday, May 07, 2021 TTJ-sister title Wood Based Panels International (WBPI) kicks off its virtual half-day conference on May 11, focusing on the performance of the global panels industry during the Covid-19 pandemic and looking beyond.
UK Softwood Conference to cover important updates on latest market dynamics
Monday, March 22, 2021 The UK Timber Trade Federation’s (TTF) annual Softwood Conference on March 31 will address softwood market dynamics against a backdrop of both the Covid-19 pandemic and Brexit.
Nordic mills post strong annual results
Tuesday, March 09, 2021 Nordic forest products operations have reported strong performances, despite the disruptions caused by the global health crisis.
UK economy predicted to return to pre-Covid levels by middle of 2022
Thursday, March 04, 2021 The UK economy is forecast to return to pre-Covid levels by the middle of 2022, with growth of 7.3% next year, according to UK chancellor Rishi Sunak.

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