TDUK launches Structural Timber Price Index

The Index displays the monthly price of structural timber stretching back to 2018, giving users the ability to compare today’s timber prices to those seen five years ago. 

The figures seen in 2018 were pre-Brexit, pre-Covid and pre-War in Ukraine, making them arguably the most recent ‘normal’ year experienced and therefore a sensible point for comparison.

“The TDUK Structural Timber Price Index is a powerful new tool for the construction industry to understand the state of the timber market in the UK,” said TDUK head of technical and trade policy, Nick Boulton.

“Timber is a globally traded commodity and the UK is a major importer of structural timbers, so large geopolitical events can ripple across the trade. The abnormal structural timber prices we have seen over the past three years reflect the abnormal market we have all lived through.

“However, the three most recent months shown on the index – from November 2022 to January 2023 – are among the most stable price periods we’ve seen since 2019 – which likely reflects the balance between supply, demand, and price.”

The Structural Timber Price Index can be found online on TDUK’s Market Data page -https://timberdevelopment.uk/supply/market-data/