More than 3.32 million m3 of timber and panel imports were imported in Q3 2021, as the market achieves greater balance between supply and demand after nearly a year of record imports.
The volume of the timber and panel products imported by the UK in the first seven months of 2021 was close to being 2 million m3 more than in the same period in 2020.
The Timber Trade Federation (TTF) latest statistics show the volume of imported timber experienced a further surge in June 2021, exceeding one million m³.
The Timber Trade Federation (TTF) reports that the volume of the main timber and panel products imported in May 2021 are nearly 58% higher than May 2020.
A joint market statement from the Confederation of Timber Industries (CTI) and Swedish Wood points to a likely easing of supply tension in the timber market as the pandemic eases.
Last April, 2020, timber and panel imports in that month fell by 39% as the UK entered ‘lockdown’ because of Covid-19. Demand since has rocketed and in the month of April 2021 imports were higher by just over 100%.
To help shed greater light on the state of the timber market, the Timber Trade Federation (TTF) has released a market statement to put the current demand and supply situation into context.