The UK timber and semi-finished timber markets will increase in value by 7% over the next five years, according to a report from Market & Business Development (MBD) Ltd.

At 2007 prices the sale of timber will reach £3.72bn in 2012, MBD’s UK Timber & Joinery Market Development report has revealed, with changes to Building Regulations, the push for zero-carbon homes and the growth in use of timber in construction driving the increase.

A similar situation is expected in the semi-finished timber products sector, with sales reaching £1.72bn in 2012 at 2007 prices.

During the current year, MBD expects the value of the timber and semi-finished timber markets to be around £3.49bn, stating that the “wide range of end-use applications” and a “relatively buoyant construction market” have had a positive impact.