Timber prices on the rise in UK market, says latest Forestry Commission Stats Report

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Timber prices on the rise in UK market, says latest Forestry Commission Stats Report

The Forestry Commission has released its latest National Statistics on Timber Price Indices.

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. 

The key points from the latest release are listed below.

For the Coniferous Standing Sales Price Index:

  • There has been an overall increase in the index over the last 13 years, following an overall decrease in earlier years.
  • The index was 8.3% lower in real terms (7.6% in nominal terms) in the year to September 2016, compared with the previous year.
  • The average price for coniferous standing sales was £17.31 per cubic metre overbark standing in nominal terms in the year to September 2016, a decrease from £18.24 in the year to September 2015.  

For the Softwood Sawlog Price Index:

  • There has been relatively stable in recent years, following a long period of general decline.
  • The index was 13.6% greater in real terms (14.4% in nominal terms) in the 6 months to September 2016, compared with the corresponding period of the previous year.
  • The average price for softwood sawlog sales was £44.19 per cubic metre overbark in nominal terms in the 6 month period to September 2016, an increase from £38.63 in the 6 months to September 2015 and £41.34 in the 6 months to March 2016.

The complete report can be downloaded here.

 

[News URL: http://cti-timber.org/content/timber-prices-rise-uk-market-says-latest-forestry-commission-stats-report]