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.

The latest National Statistics on Timber Price Indices produced by the Forestry Commission were released on 15 November 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 September 2018 for Great Britain.

Coniferous standing sales price index and sawlog price index for Great Britain.

Source agency: Forestry Commission

Designation: National Statistics

Language: English

Alternative title: Timber Price Indices

This report analyses the timber prices in Great Britain, using the Softwood Sawlog Price Index (SSPI) - tracked by non-ministerial government department, the Forestry Commission - as a proxy. As stated by the Forestry Commission, which is an agency of the Department for Environment, Food and Rural Affairs (Defra), the SSPI is based on administrative data for sales of softwood sawlogs (i.e., roundwood with a top diameter of 14 cm or more) collated by Forestry England, Forestry and Land Scotland and Natural Resources Wales. The SSPI is calculated from data covering separate six-month periods to 30 September and 31 March, whereby data presented in this report represents the average of two separate six-month readings over a given financial year (i.e., April-March). The SSPI used for this report considers prices in real teams and has a base period in 2021 (i.e., six-month period to 30 September 2021 = 100.0 points).

The latest National Statistics on Timber Price Indices produced by the Forestry Commission were released on 5 November 2015 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 2015 for Great Britain.

Orders for wood products is heavily dependent on the level of construction activity. Revenue has grown during the five years, due to a surge in timber prices in 2021. Technological advances, new products and new revenue streams also supported revenue growth. However, manufacturers have been challenged by high levels of import competition, as well as competition from substitute products. Revenue is expected to rise at a compound annual rate of 5.2% to £3 billion over the five years through 2024-25. Sawmillers suffered a major decline in 2020-21, as the pandemic had a devasting effect on many of its downstream markets. The construction sector, the main user of industry products, was severely damaged as a result of the pandemic, with activity falling significantly when lockdown measures were imposed in the spring of 2020. Intense import competition, rising cost pressures and a lower revenue base curtailed the average profit. However, throughout the pandemic, orders were supported by higher levels of domestic home improvement and DIY projects. Timber prices rose in 2021 as demand for timber was rising while supplies where disrupted. Timber prices are cooling off in 2024-25 limiting revenue growth despite expanding commercial construction activity. A recovery in construction activity is forecast to boost orders for wood products in the coming years. Furniture and wooden container manufacturing activity is also expected to aid demand for wood products. However, import competition and competition from substitute products will likely continue to limit industry expansion. Additionally, timber prices are projected to shot up in the coming years, raising selling prices for sawmillers, boosting revenue. Revenue is forecast to rise at a compound annual rate of 2.8% over the five years through 2029-30 to almost £3.4 billion.

Lumber fell to 602.62 USD/1000 board feet on June 6, 2025, down 0.40% from the previous day. Over the past month, Lumber's price has risen 11.57%, and is up 18.02% compared to the same time last year, 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 June of 2025.

Coniferous Standing Sales Price Index for years ending March 1985 to March 2020. 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.

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.

Coniferous Standing Sales Price Index for years ending March 1985 to March 2016. 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:

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.

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:

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Cross Laminated Timber Market Size 2025-2029

The cross laminated timber market size is forecast to increase by USD 4 billion at a CAGR of 20.5% between 2024 and 2029.

The Cross Laminated Timber (CLT) market is experiencing significant growth, driven primarily by the expanding real estate and construction industries. CLT's adoption is increasing due to its numerous benefits, including its strength, sustainability, and cost-effectiveness compared to traditional building materials. Moreover, the focus on forestry management and the promotion of green building practices are further fueling market expansion. However, the market growth is not without challenges. The volatility of raw material prices, particularly for softwood lumber and forest products, poses a significant risk to market stability. To capitalize on the opportunities presented by the CLT market, companies must closely monitor raw material prices and explore alternative sourcing strategies. Additionally, investing in research and development to improve the production process and reduce costs can help companies stay competitive in this dynamic market. Overall, the CLT market presents a compelling investment opportunity for companies seeking to capitalize on the growing demand for sustainable and cost-effective building solutions. By navigating the challenges of raw material price volatility and staying abreast of industry trends, companies can effectively position themselves for long-term success.

What will be the Size of the Cross Laminated Timber Market during the forecast period?

Request Free SampleThe cross laminated timber (CLT) market represents a significant growth opportunity within the building materials sector, driven by increasing investment in infrastructure and the demand for carbon-neutral properties. This advanced engineered wood product is fabricated by bonding multiple layers of solid-sawn lumber together with adhesives or mechanically fastened, resulting in high structural properties, fire resistance, and moisture-absorbing capacity. The market caters to both residential and non-residential industries, with applications ranging from building frames to prefabricated wall and roof panels. CLT's design flexibility, thermal performance, acoustic properties, and eco-friendly nature make it an attractive alternative to traditional building materials. Digital fabrication techniques, such as CNC machining, enable precise manufacturing and construction efficiency. Advanced adhesives and glueing layers ensure optimal structural strength and load-bearing capacity. As the market continues to evolve, expect further innovations in fire resistance, carbon footprint reduction, and sustainable timber production. The future of CLT lies in its ability to meet the growing demand for green construction and eco-friendly buildings.

How is this Cross Laminated Timber Industry segmented?

The cross laminated timber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userNon-residentialResidentialApplicationStructuralNon-structuralTypeAdhesive bondedMechanically fastenedGeographyEuropeFranceGermanyItalyThe NetherlandsUKNorth AmericaUSCanadaAPACChinaIndiaJapanSouth AmericaMiddle East and Africa

By End-user Insights

The non-residential segment is estimated to witness significant growth during the forecast period.Cross laminated timber (CLT) is a construction material gaining popularity in both residential and non-residential industries due to its superior strength, design flexibility, and eco-friendly credentials. CLT is composed of multiple layers of solid-sawn lumber that are glued and pressed together, resulting in a strong, uniform, and stable building material. This product is increasingly used in commercial structures such as offices, schools, and retail spaces due to its capacity to support large spans, reduce construction time, and improve energy efficiency. Advancements in engineering construction techniques, digital fabrication, and CNC machining have expanded the capacity of CLT production in industrial hubs, making it a cost-effective alternative to traditional building materials like concrete and steel. CLT's natural aesthetic, thermal performance, and fire resistance are additional benefits that attract architects, developers, and builders. The use of CLT in residential industries, such as eco-friendly housing and hardwood floor beams, is also on the rise due to its carbon-neutral properties, one-component PUR adhesives, and moisture-absorbing capacity. The potential benefits of CLT, including its lightweight structures, ease of remodeling, and seismic performance, make it a versatile and attractive option for both new construction and renovation projects. Despite its increasing popularity, th

Before the pandemic, veneer panelling sales were on the rise owing to robust demand from construction markets. Government incentives have helped maintain consistently high sales to residential building contractors, while increases in furniture manufacturing activity have supported sales of wood panels. A dip in timber prices in 2019-20 forced manufacturers to lower selling prices, causing a slump in sales and profitability. Revenue was curbed further following the COVID-19 outbreak, which disrupted construction and manufacturing activity following lockdown measures imposed in the UK. Many manufacturers temporarily closed their production facilities during the pandemic, contributing to revenue decline in 2020-21. Revenue is forecast to grow at a compound annual rate of 2.3% over the five years through 2023-24 to £1.8 billion. Sales to the construction sector and abroad have since bounced back, while a global hike in timber prices has supported a surge in revenue. As global timber prices have risen, manufacturers have increased selling prices to pass some of the burdens of rising input costs on to customers, widening the profit margin. Revenue surged by 22.4% in 2021-22 due to a sharp uptick in timber prices, with the Softwood Sawlog Price Index rising by 33.5% during the year. Major players like West Fraser and Egger reported 52.5% and 32.4% in revenue respectively in 2021-22. As product prices remain high, revenue is expected to rise by 2.5% in 2023-24. Over the five years through 2028-29, revenue is forecast to decline at a compound annual rate of 2.2% to £2 billion. Lower demand for office and retail spaces will limit commercial construction activity. Timber prices are set to drop back to a more normal level, reducing manufacturers' prices. New due diligence procedures and trade frictions with the EU are likely to inflate compliance costs for manufacturers, constraining UK products' competitiveness in EU markets. The expansion in residential construction and home renovations is set to drive orders for veneer sheets and wood panels.

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 the production of timber from woodland and primary processing of harvested wood.

Sales of wooden containers move in line with manufacturing activity, wholesaling activity, UK export levels and demand for the transportation and storage of goods. Revenue is anticipated to rise at a compound annual rate of 4.8% to £1.3 billion over the five years through 2023-24. Revenue growth can be attributed to a surge in wooden container prices in recent years because of swelling timber prices – manufacturers have upped the amount they charge to cover higher input costs, accelerating revenue expansion. Revenue is set to rise by 0.8% in 2023-24. Despite strong recent growth, moderate import competition and strong competition from substitutes (mainly cardboard and steel containers) have held revenue back to an extent. During 2020-21, industrial activity and revenue fell dramatically amid plunging demand for wooden containers from manufacturers following the pandemic. In addition, UK exports decreased markedly due to weak international demand and global halt to economic activity. This trend quickly reversed as the global vaccine rollout opened up a massive new market for manufacturers to produce vaccine storage and transport solutions. More recently, the need for UK-made wooden containers have climbed, boosted by western sanction on Russia, which was previously a major producer of wood products for the whole of Europe. Over the five years through 2028-29, revenue is forecast to decline at a compound annual rate of 2.8% to £1.5 billion, mostly because timber prices are set to return to more normal levels, cutting product prices. Manufacturing activity and exports are anticipated to improve in the medium term, supported by efforts undertaken by UK manufacturers to enhance product offerings, propping up sales of wooden containers. At the same time, wholesaling activity is likely to rise as household finance increase and the cost-of-living pressure eases, pushing up the volume of goods transported.

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.

Statistics illustrates the export price of Wood; engineered structural timber products, I beams in Finland from 2007 to 2024 by trade partner.