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Timber Development UK has released its latest quarterly market statement which outlines the supply, demand and price trends seen in early 2022.
The market statement provides a detailed analysis of the first quarter of 2022, looking at import and price statistics as well as the early market impacts of the Russia-Ukraine conflict.
The Market data shows that the timber industry has responded to the Russia-Ukraine conflict by following sanctions and significantly reducing imports across all the main Russia import categories.
Future trends and predictions are also analysed in the statement, with construction output in key sectors such as private housing RM&I likely to decline as the cost-of-living crisis begins to impact consumers.
The report is split into three sections: supply, demand and price.
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