24 datasets found
  1. Timber price index in the UK 2017-2022, by type

    • statista.com
    Updated Sep 13, 2024
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    Statista (2024). Timber price index in the UK 2017-2022, by type [Dataset]. https://www.statista.com/statistics/1327538/timber-price-index-in-the-uk-by-type/
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    Dataset updated
    Sep 13, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    Timber prices in the United Kingdom fell in 2023, after having risen at a fast pace in 2021 and 2022. The price index of imported sawn or planed wood grew from 132 in 2020 to 195.6 in 2022. Meanwhile, the cost of imported plywood have increased less sharply, and therefore also had a smaller fall.

  2. Timber price indices: data to September 2023

    • gov.uk
    Updated Mar 5, 2024
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    Forestry Commission (2024). Timber price indices: data to September 2023 [Dataset]. https://www.gov.uk/government/statistics/timber-price-indices-data-to-september-2023
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    Dataset updated
    Mar 5, 2024
    Dataset provided by
    GOV.UKhttp://gov.uk/
    Authors
    Forestry Commission
    Description

    This release is published twice a year and comprises: the Coniferous Standing Sales Price Index, the Softwood Sawlog Price Index (including spruce and other conifers sub-indices) and the Small Roundwood Price Index.

    The indices cover sales in England, Scotland and Wales by Forestry England, Forestry and Land Scotland, and Natural Resources Wales.

  3. g

    Timber Price Indices: Data to March 2018 | gimi9.com

    • gimi9.com
    Updated Dec 26, 2024
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    (2024). Timber Price Indices: Data to March 2018 | gimi9.com [Dataset]. https://gimi9.com/dataset/uk_timber-price-indices-data-to-march-2018/
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    Dataset updated
    Dec 26, 2024
    License

    CC0 1.0 Universal Public Domain Dedicationhttps://creativecommons.org/publicdomain/zero/1.0/
    License information was derived automatically

    Description

    The latest National Statistics on Timber Price Indices produced by the Forestry Commission were released on 17 May 2018 according to the arrangements approved by the UK Statistics Authority. Timber Price Indices are based on sales by the Forestry Commission and Natural Resources Wales and consist of the Coniferous Standing Sales Price Index and the Softwood Sawlog Price Index. They present data to March 2018 for Great Britain.

  4. T

    Lumber - Price Data

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 11, 2025
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    TRADING ECONOMICS (2025). Lumber - Price Data [Dataset]. https://tradingeconomics.com/commodity/lumber
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    json, csv, xml, excelAvailable download formats
    Dataset updated
    Jul 11, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jul 24, 1978 - Jul 11, 2025
    Area covered
    World
    Description

    Lumber fell to 599.02 USD/1000 board feet on July 11, 2025, down 1.89% from the previous day. Over the past month, Lumber's price has fallen 2.99%, but it is still 37.54% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber - values, historical data, forecasts and news - updated on July of 2025.

  5. Sawmilling & Wood Planing in the UK - Market Research Report (2015-2030)

    • ibisworld.com
    Updated Jun 15, 2025
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    IBISWorld (2025). Sawmilling & Wood Planing in the UK - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/united-kingdom/market-research-reports/sawmilling-wood-planing-industry/
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    Dataset updated
    Jun 15, 2025
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2015 - 2030
    Area covered
    United Kingdom
    Description

    Wood product sales are heavily dependent on the level of construction activity. Revenue has inched up over the past five years, lifted mainly by a surge in timber prices in 2022. Technological advances, new products such as cross-laminated timber and government support for residential construction activity have also propped up revenue. However, manufacturers have been challenged by high competition from imports and substitute products, including manufactured wood such as plywood. Revenue is expected to rise at a compound annual rate of 1.3% over the five years through 2025-26 to £2.4 billion. Sawmills saw their revenue plummet in 2022-23, driven by numerous factors. Firstly, activity in the construction sector (the biggest user of sawmills’ products) faltered due to high interest rates and low consumer confidence. At the same time, timber prices plunged in 2023, following their 2022 spike, because of excess supply and a decline in global demand. This reduced the value of sawmills and wood planing companies’ products, lowering revenue. Intense import competition, rising cost pressures and a lower revenue base ate into profit. However, timber prices stabilise as construction demand becomes more consistent, creating stronger market conditions. This is expected to drive a 2.7% hike in revenue in 2025-26. Revenue is forecast to rise at a compound annual rate of 4.1% over the five years through 2030-31 to £2.9 billion. Heightened construction activity, supported by government backing through programmes, like the Plan for Change, which includes a target to build 1.5 million new homes by 2029, is forecast to boost orders of wood products in the coming years. Furniture manufacturing activity is also expected to increase as Britons working from home look to make their home environments more attractive, further propelling demand for wood products. Although plans to increase domestic woodlands, exemplified in the government's Timber in Construction Roadmap, across the UK will reduce reliance on timber imports, this will likely take many years, with import competition likely to continue to limit UK sawmills’ sales in the short term.

  6. W

    Timber Price Indices: Data to September 2016

    • cloud.csiss.gmu.edu
    • environment.data.gov.uk
    • +2more
    xls
    Updated Dec 23, 2019
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    United Kingdom (2019). Timber Price Indices: Data to September 2016 [Dataset]. https://cloud.csiss.gmu.edu/uddi/dataset/timber-price-indices-data-to-september-2016
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    xlsAvailable download formats
    Dataset updated
    Dec 23, 2019
    Dataset provided by
    United Kingdom
    License

    http://reference.data.gov.uk/id/open-government-licencehttp://reference.data.gov.uk/id/open-government-licence

    Description

    The latest National Statistics on Timber Price Indices produced by the Forestry Commission were released on 10 November 2016 according to the arrangements approved by the UK Statistics Authority.

    Timber Price Indices are based on sales by the Forestry Commission and Natural Resources Wales and consist of the Coniferous Standing Sales Price Index and the Softwood Sawlog Price Index. They present data to September 2016 for Great Britain. Attribution statement:

  7. W

    Softwood Sawlog Price Index: data to March 2016

    • cloud.csiss.gmu.edu
    • environment.data.gov.uk
    • +1more
    xls
    Updated Dec 30, 2019
    + more versions
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    United Kingdom (2019). Softwood Sawlog Price Index: data to March 2016 [Dataset]. https://cloud.csiss.gmu.edu/uddi/dataset/softwood-sawlog-price-index-data-to-march-2016
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    xlsAvailable download formats
    Dataset updated
    Dec 30, 2019
    Dataset provided by
    United Kingdom
    License

    http://reference.data.gov.uk/id/open-government-licencehttp://reference.data.gov.uk/id/open-government-licence

    Description

    Softwood Sawlog Price Index for 6 month periods ending March 1985 to March 2016. The data also give underlying figures for average prices in Great Britain.

    The dataset provides supporting data to the National Statistics release Timber Price Indices. Attribution statement:

  8. W

    Softwood Sawlog Price Index: data to September 2016

    • cloud.csiss.gmu.edu
    • environment.data.gov.uk
    • +1more
    xls
    Updated Dec 30, 2019
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    United Kingdom (2019). Softwood Sawlog Price Index: data to September 2016 [Dataset]. https://cloud.csiss.gmu.edu/uddi/dataset/softwood-sawlog-price-index-data-to-september-2016
    Explore at:
    xlsAvailable download formats
    Dataset updated
    Dec 30, 2019
    Dataset provided by
    United Kingdom
    License

    http://reference.data.gov.uk/id/open-government-licencehttp://reference.data.gov.uk/id/open-government-licence

    Description

    Softwood Sawlog Price Index for 6 month periods ending September 1985 to September 2016. The data also give underlying figures for average prices in Great Britain.

    The dataset provides supporting data to the National Statistics release Timber Price Indices. Attribution statement:

  9. m

    UK Timber Cladding Market Size & Share Analysis - Industry Research Report -...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jun 9, 2023
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    Mordor Intelligence (2023). UK Timber Cladding Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/united-kingdom-timber-cladding-market
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    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jun 9, 2023
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2019 - 2030
    Area covered
    United Kingdom
    Description

    The United Kingdom Timber Cladding Market is segmented by product (cedar, larch, oak, and other products), application (roof cladding and wall cladding), and end-user industry (residential and non-residential). The report offers market size and forecasts for the United Kingdom Timber Cladding Market in value (USD million) for all the above segments.

  10. W

    Coniferous Standing Sales Price Index: data to September 2015

    • cloud.csiss.gmu.edu
    • environment.data.gov.uk
    • +2more
    xls
    Updated Jan 7, 2020
    + more versions
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    United Kingdom (2020). Coniferous Standing Sales Price Index: data to September 2015 [Dataset]. https://cloud.csiss.gmu.edu/uddi/dataset/coniferous-standing-sales-price-index-data-to-september-2015
    Explore at:
    xlsAvailable download formats
    Dataset updated
    Jan 7, 2020
    Dataset provided by
    United Kingdom
    License

    http://reference.data.gov.uk/id/open-government-licencehttp://reference.data.gov.uk/id/open-government-licence

    Description

    Coniferous Standing Sales Price Index for years ending March 1985 to September 2015. The data also give underlying figures for volumes, total prices and average prices by average tree size in Great Britain.

    The dataset provides supporting data to the National Statistics release Timber Price Indices. Attribution statement:

  11. Forestry & Logging in the UK - Market Research Report (2015-2030)

    • ibisworld.com
    Updated Sep 15, 2024
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    IBISWorld (2024). Forestry & Logging in the UK - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/united-kingdom/industry/forestry-logging/230
    Explore at:
    Dataset updated
    Sep 15, 2024
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2014 - 2029
    Area covered
    United Kingdom
    Description

    The Forestry and Logging industry's revenue is set to expand at a compound annual rate of 3.1% over the five years through 2024-25, owing to a wave of new forestry companies in the UK as government projects and the growing value of timber support the industry's expansion. The Forestry and Logging industry's revenue is estimated to rise by 5% in 2024-25 to total £2.3 billion, with the average industry profit margin set to be 14.7%. Revenue is expected to swell in 2024-25 as a result of higher timber prices and surging downstream demand for commercial forests, as well as continued government support. Profit is also set to inch up as key input prices like seeds and pesticides — which surged in 2022-23 — begin to normalise in 2024-25. Following the EU referendum, the weak value of the pound has supported log exports. While import competition remains high, the Russia-Ukraine conflict means that imports of timber from Russia have halted as part of sanctions, boosting the domestic market. This, along with rising shipping and freight costs over the past few years, is set to drive downstream buyers to seek local timber alternatives, boosting the commercial forest segment. The Forestry and Logging industry's revenue is expected to grow at a compound annual rate of 3.2% to £2.7 billion over the five years through 2029-30. Growing environmental awareness is likely to benefit forestry companies as new woodland areas are created and maintained in the UK. The need for forestry services is further boosted by the UK's ambitious goal to plant 30,000 hectares of woodlands annually by 2025, although it may fall short of this. Increased emphasis on using wooden products in construction is likely to boost revenue for logging companies.

  12. W

    Forestry Statistics 2016: Finance and Prices

    • cloud.csiss.gmu.edu
    • environment.data.gov.uk
    • +2more
    xls
    Updated Dec 20, 2019
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    United Kingdom (2019). Forestry Statistics 2016: Finance and Prices [Dataset]. https://cloud.csiss.gmu.edu/uddi/dataset/forestry-statistics-2016-finance-and-prices
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    xlsAvailable download formats
    Dataset updated
    Dec 20, 2019
    Dataset provided by
    United Kingdom
    License

    http://reference.data.gov.uk/id/open-government-licencehttp://reference.data.gov.uk/id/open-government-licence

    Description

    The latest National Statistics on forestry produced by the Forestry Commission were released on 22 September 2016 according to the arrangements approved by the UK Statistics Authority.

    Detailed statistics are published in the web publication Forestry Statistics 2016, with an extract in Forestry Facts & Figures 2016. They include UK statistics on woodland area, planting, timber, trade, climate change, environment, recreation, employment and finance & prices as well as some statistics on international forestry. Where possible, figures are also provided for England, Wales, Scotland and Northern Ireland.

    This dataset covers statistics on economic aspects of forestry, including timber prices. Attribution statement:

  13. Forestry Statistics 2020: Finance and Prices

    • environment.data.gov.uk
    uk
    Updated Sep 23, 2020
    + more versions
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    Forestry Commission (2020). Forestry Statistics 2020: Finance and Prices [Dataset]. https://environment.data.gov.uk/dataset/288cd6fd-ddae-4c13-87c9-cadaac662d7d
    Explore at:
    ukAvailable download formats
    Dataset updated
    Sep 23, 2020
    Dataset authored and provided by
    Forestry Commissionhttps://gov.uk/government/organisations/forestry-commission
    Description

    The latest National Statistics on forestry produced by the Forestry Commission were released on 24 September 2020 according to the arrangements approved by the UK Statistics Authority.

    Detailed statistics are published in the web publication Forestry Statistics 2020, with an extract in Forestry Facts & Figures 2020. They include UK statistics on woodland area, planting, timber, trade, carbon, environment, social, employment and finance & prices as well as some statistics on international forestry. Where possible, figures are also provided for England, Wales, Scotland and Northern Ireland.

    This dataset covers statistics on economic aspects of forestry, including timber prices.

  14. Veneer Sheet & Wood-Based Panel Manufacturing in the UK - Market Research...

    • ibisworld.com
    Updated Jun 15, 2025
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    IBISWorld (2025). Veneer Sheet & Wood-Based Panel Manufacturing in the UK - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/united-kingdom/market-research-reports/veneer-sheet-wood-based-panel-manufacturing-industry/
    Explore at:
    Dataset updated
    Jun 15, 2025
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2015 - 2030
    Area covered
    United Kingdom
    Description

    Wood product sales are heavily dependent on the level of construction activity. Revenue has grown during the past five years, lifted mainly by a surge in timber prices in 2022. As global timber prices swelled, manufacturers increased selling prices to pass some of the burden of rising input costs on to customers, boosting revenue and profit. Government support for residential construction has also propelled revenue, boosting demand from a key market for wood-based panels. Overall, revenue is expected to rise at a compound annual rate of 2.5% over the five years through 2025-26 to £1.8 billion. The industry suffered a significant decline in revenue in 2022-23, as the cost-of-living crisis devastated many of its downstream markets. The construction sector, the primary user of veneer sheets and wood-based panels, was hit hard by high interest rates and low consumer confidence, denting manufacturers’ sales. Timber prices fell dramatically in 2023, when a decline in global demand led to an excess supply of timber. This drove a corresponding reduction in manufacturers’ product prices, lowering revenue. Import competition from cheaper Chinese wood panels also limited sales. At the same time, rising cost pressures and a lower revenue base curtailed profit. Timber prices have since started to stabilise as construction demand becomes more consistent, with revenue following suit. Climbing construction demand is anticipated to drive a 1.1% hike in revenue in 2025-26. Revenue is forecast to edge up at a compound annual rate of 2.3% over the five years through 2030-31 to £2 billion. Heightened construction activity thanks to government support, like the £39 billion directed to a new 10-year Affordable Homes Programme announced in June 2025, is forecast to boost orders of wood products in the coming years – wood-based panels are heavily used in residential building projects, for flooring, wall and ceiling panels, cabinetry and furniture. However, the number of new builds is under contention due to labour supply shortages and supply chain capacity, so the extent of revenue growth from this housebuilding market may be limited. New EU trade developments aimed at reducing border checks and the upcoming EU Deforestation Regulation could make exporting to Europe easier, helping raise revenue.

  15. W

    Data from: Coniferous Standing Sales Price Index: data to September 2017

    • cloud.csiss.gmu.edu
    • environment.data.gov.uk
    • +1more
    xls
    Updated Dec 18, 2019
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    United Kingdom (2019). Coniferous Standing Sales Price Index: data to September 2017 [Dataset]. https://cloud.csiss.gmu.edu/uddi/dataset/coniferous-standing-sales-price-index-data-to-september-2017
    Explore at:
    xlsAvailable download formats
    Dataset updated
    Dec 18, 2019
    Dataset provided by
    United Kingdom
    License

    http://reference.data.gov.uk/id/open-government-licencehttp://reference.data.gov.uk/id/open-government-licence

    Description

    Coniferous Standing Sales Price Index for years ending September 1985 to September 2017. The data also give underlying figures for volumes, total prices and average prices by average tree size in Great Britain.

    The dataset provides supporting data to the National Statistics release Timber Price Indices. Attribution statement:

  16. UK gross value added of forestry and logging 2009-2017

    • statista.com
    Updated Jul 5, 2021
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    Statista (2021). UK gross value added of forestry and logging 2009-2017 [Dataset]. https://www.statista.com/statistics/1167870/uk-gross-value-added-of-forestry-and-logging-industry/
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    Dataset updated
    Jul 5, 2021
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    In the United Kingdom, the forest and logging industry generated a gross value added of 641.06 million euros in 2017. This value fluctuated significantly over the observed time period. The most notable decrease occurred in 2016, when the GVA dropped by 260 million euros. Conversely, it nearly doubled from 2011 to 2012.

  17. Timber price indices statistical release to September 2014

    • gov.uk
    Updated Nov 6, 2014
    + more versions
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    Forestry Commission (2014). Timber price indices statistical release to September 2014 [Dataset]. https://www.gov.uk/government/statistics/timber-price-indices-statistical-release-to-september-2014
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    Dataset updated
    Nov 6, 2014
    Dataset provided by
    GOV.UKhttp://gov.uk/
    Authors
    Forestry Commission
    Description

    Coniferous standing sales price index and sawlog price index for Great Britain to September 2014.

  18. UK output of forestry and connected secondary activities 2009-2017

    • statista.com
    Updated Jul 5, 2021
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    Statista (2021). UK output of forestry and connected secondary activities 2009-2017 [Dataset]. https://www.statista.com/statistics/1166173/uk-output-of-forestry-and-connected-secondary-activities/
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    Dataset updated
    Jul 5, 2021
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    In the United Kingdom, the output value in forestry and secondary activities was 1.99 billion euros in 2017. This was the highest output since 2009. After a decrease of 310 million euros from 2015 to 2016, the output recovered and reached the current value.

  19. U

    United Kingdom Prefab Wood Buildings Market Report

    • datainsightsmarket.com
    doc, pdf, ppt
    Updated Mar 7, 2025
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    Data Insights Market (2025). United Kingdom Prefab Wood Buildings Market Report [Dataset]. https://www.datainsightsmarket.com/reports/united-kingdom-prefab-wood-buildings-market-17286
    Explore at:
    pdf, doc, pptAvailable download formats
    Dataset updated
    Mar 7, 2025
    Dataset authored and provided by
    Data Insights Market
    License

    https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy

    Time period covered
    2025 - 2033
    Area covered
    United Kingdom
    Variables measured
    Market Size
    Description

    The United Kingdom prefab wood buildings market is experiencing robust growth, driven by increasing demand for sustainable and efficient construction solutions. The market, valued at approximately £X million in 2025 (assuming a logical estimation based on the provided CAGR of >4% and a market size indicated as "XX" - specific value needs to be provided to perform accurate calculations), is projected to witness a compound annual growth rate (CAGR) exceeding 4% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the rising awareness of environmental sustainability is boosting the adoption of timber construction, which boasts a lower carbon footprint compared to traditional methods. Secondly, the increasing demand for affordable housing, particularly in urban areas, is driving the popularity of prefabricated buildings due to their faster construction timelines and cost-effectiveness. Furthermore, government initiatives promoting sustainable building practices and advancements in timber technology, such as the development of innovative panel systems like CLT, NLT, DLT, and GLT, are contributing significantly to market growth. The residential sector (single and multi-family) forms a major segment, though commercial applications in office spaces and hospitality are showing promising growth trajectories. The market's growth is not without challenges. Potential restraints include fluctuations in timber prices, skilled labor shortages in the construction industry, and regulatory hurdles associated with adopting newer building technologies. However, the long-term outlook remains positive, particularly with ongoing technological innovations aimed at improving the design, durability, and affordability of prefab wood structures. The competitive landscape includes both large-scale manufacturers and smaller specialized companies, indicating a dynamic market with diverse offerings catering to a wide range of project scales and architectural styles. Continued innovation and increased awareness of the benefits of sustainable construction will be pivotal in propelling the UK prefab wood buildings market to even greater heights in the coming years. Further market segmentation data is needed for a more comprehensive regional analysis and to further quantify market share among various segments. This in-depth report provides a comprehensive analysis of the United Kingdom prefab wood buildings market, encompassing historical data (2019-2024), current estimations (2025), and future projections (2025-2033). The study delves into market dynamics, key players, and emerging trends, offering invaluable insights for businesses operating in or intending to enter this rapidly expanding sector. The report covers a market valued at several billion pounds and projects substantial growth over the forecast period. Key drivers for this market are: 4., Increasing demand for green construction to reduce carbon footprint4.; Introduction of technology for manufactruing the of building construction material. Potential restraints include: 4., High cost of purchasing the equipment for development and manufacturing of various construction material. Notable trends are: Timber Buildings Witnessing Significant Growth.

  20. Parquet Floor Manufacturing in the UK - Market Research Report (2015-2030)

    • ibisworld.com
    Updated Aug 25, 2024
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    IBISWorld (2024). Parquet Floor Manufacturing in the UK - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/united-kingdom/market-research-reports/parquet-floor-manufacturing-industry/
    Explore at:
    Dataset updated
    Aug 25, 2024
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2015 - 2030
    Area covered
    United Kingdom
    Description

    The UK's parquet floor manufacturing industry is enjoying a renaissance thanks to a mix of design trends, sustainability demands and technological advancements. Recently, consumers have gravitated towards parquet flooring due to its inherent eco-friendly credentials and the resurgence of mid-century modern design trends. According to a September 2024 poll by the National Building Specification, around 70% of construction projects in the UK now incorporate sustainability targets, making parquet flooring an attractive choice for eco-conscious buyers willing to invest. However, parquet floor manufacturers have faced significant challenges in recent years, including volatile costs and low downstream demand amid subdued construction activity in the UK. Over the five years through 2024-25, industry revenue is projected to dip at a compound annual rate of 2.3% to £10.7 million. This is mostly due to the COVID-19 outbreak slashing construction activity in 2020-21, severely constraining demand for parquet flooring. This was followed by the cost-of-living crisis slashing demand in 2022-23 and, to a lesser degree, in 2023-24, as soaring inflation led Britons to tighten their purse strings and investors to limit investing in new construction projects. At the same time, parquet floor manufacturers grappled with turbulent wood prices and global supply chain disruptions, exacerbated by geopolitical tensions like the Russia-Ukraine conflict and fires in Canada, constraining the global supply of timber, lifting production costs and squeezing manufacturers' profitability. Timber prices peaked in March 2022 and as manufacturers passed on the price increases to consumers, the higher sale prices inflated industry revenue over 2022-23, despite subdued downstream demand. Industry revenue is set to hike by 0.9% in 2024-25 when profit is set to reach 15.7%, bolstered by improving downstream construction activity, slightly higher timber prices and several consumer trends driving interest in parquet floor. Engineered parquet flooring innovations, for example, are becoming the go-to choice for areas needing moisture resistance or sound insulation, especially as they also provide resilience against Britain's unpredictable climate, cementing parquet’s appeal amid urban development projects. Additionally, the trend towards retro interior styles, characterised by geometric patterns and lighter shades like walnut, has reignited interest in a more natural parquet flooring look, which is not easily replicated by substitutes like vinyl. Industry revenue is expected to swell at a compound annual rate of 2.8% over the five years through 2029-30 to reach £12.3 million. The EU’s recent tariffs on Chinese parquet flooring present a strategic opportunity for British manufacturers to expand their EU market share, leveraging the "Made in the UK" brand. Meanwhile, changing preferences among younger demographics are set to boost sales, with Millennials increasingly favouring wood floors and appreciating their aesthetic appeal. However, the industry still faces potential challenges from the growing global demand for timber, which could pressure supply chains. To combat this, manufacturers might diversify sourcing strategies and innovate with alternative raw materials. Emphasising customisation and classic patterns, coupled with sustainable practices, will be key in navigating these challenges and capitalising on emerging opportunities.

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Statista (2024). Timber price index in the UK 2017-2022, by type [Dataset]. https://www.statista.com/statistics/1327538/timber-price-index-in-the-uk-by-type/
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Timber price index in the UK 2017-2022, by type

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Dataset updated
Sep 13, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United Kingdom
Description

Timber prices in the United Kingdom fell in 2023, after having risen at a fast pace in 2021 and 2022. The price index of imported sawn or planed wood grew from 132 in 2020 to 195.6 in 2022. Meanwhile, the cost of imported plywood have increased less sharply, and therefore also had a smaller fall.

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