Economic outlook - Page 1

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Latest Economic outlook Update

Timber imports decline in 2022 but continue long-term average growth
13 March, 2023
Imports of the main timber and panel products in 2022 were 2.4 million m3 lower than over the same period in 2021, according to the latest TDUK statistics.
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Q4 builders merchant sales figures confirm slowdown
Friday, February 24, 2023 Figures for the final quarter of 2022 published yesterday (23 February) in the Builders Merchants Federation (BMF’s) Builders Merchants Building Index (BMB() found sales through UK builders’ merchants slowing during the final quarter of the year.
More ‘regular’ timber import patterns seen in Q4 2022, says TDUK
Saturday, February 18, 2023 The gap between record 2021 volumes and low 2022 volumes began to close in November 2022, with imports resembling more regular winter totals, according to Timber Development UK (TDUK).
Softwood trade adopts ultra-cautious approach
Friday, February 03, 2023 The economic backdrop is troubling traders but they are finding their way through and some agents and shippers are reporting more interest for February and March shipments. Jerry Wilson reports
Timber import volumes growing long term, despite recent fluctuations
Thursday, December 15, 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).
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.
Softwood update: Russian and Belarussian wood in the spotlight
Wednesday, March 16, 2022 As the invasion of the Ukraine by Russia unfolds and the subsequent humanitarian crisis there grips the world’s attention, trade actions and government sanctions are being imposed by the UK, the EU and countries across the globe, writes TTJ’s Softwood Specialist.
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.

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