As reported by Timber Trade Journal, the organisation said UK forest businesses had grave concerns over the future of domestic softwood supply and that global demand for timber was expected to triple by 2050. This growth is due to an increase in demand of wood and paper products from growing economies and populations.
The organisation ‘100 percent sustainable timber markets: the economic and business case’ report suggests by 2050 less than 22 percent of timber supplied in the UK market will be grown in UK.
The organisation also said leading countries that supply timber to the UK are either at the point of expiry or running at a deficit as forest resources are used without adequate provision for sustainable timber supply.
The organisation also said many countries are running low on their own timber resources, with Brazil having only 16 years of timber forests remaining, South Africa seven years, Colombia 12 years, Mexico nine years, Nigeria 11 years, Thailand nine years and Pakistan 10 years.
The organisation said that as the international market for timber will change in its dynamics in the next decades, without urgent action UK businesses who have failed to adequately plan for continuity of their timber resource could be left exposed with fewer commercial options.