UK Timber Prices Expected To Continue Upward Trend

Great Shelford, UK: According to the latest National Statistics on Timber Price Indices published by the Forestry Commission, Coniferous Standing Sales prices have been increased over the last five years, although its latest figures showed an improvement in one of its two core sectors, reported by Cabinet Maker.

The index highlighted that prices in the year to September 2016 were 8.3 percent lower at £17.31 per cubic metre compared to £18.24 in 2015. However, over a five year period, prices in this sector have risen by 8.7 percent, and following the Brexit results, prices are expected to grow.

Within its other index sector for softwood sawlog, prices rose by 13.6 percent to £44.19 per cubic metre from £38.63 in 2015, whilst also showing a 6.8 percent growth from its average price of £41.34 in the six months to March 2016.

The new data could impact the UK furniture industry with manufacturers having to fork out higher costs for timber, which could in turn pose threats on increasing other prices, ultimately impacting the consumer.

 

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