The timber merchanting market declined by 9% last year and market conditions will remain “tough” for the rest of 2011 and 2012, according to a new report.
AMA Research’s third edition of the Timber Merchants Market Report – 2011-2015.
The market was estimated to be worth £1.23bn in 2010, following an earlier decline of 12% in 2009.
“In 2010, although UK new housing starts increased to 141,000, a 32% increase compared to the previous year, this was still much lower than the 2007 level of 232,000,” said AMA.
It said there had been some indications of a slight recovery in early 2011.
Medium-term prospects are more optimistic as the housing market slowly recovers.
Key topics covered in the report include future prospects, the economic environment, key market influences, the timber market, timber merchants and products.
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