TTF Monthly Stats – August 2021

Date Published

21 August 2021

Document Type

Category

Author

TDUK
Summary

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.

Key Information

This comes as the total volume of imported timber and panel products in the five months to May 2021 exceeds 5 million m³, which is 1.5 million m³ higher than the same period in 2020.

The growth in May 2021 over the previous year follows on from the record 103% growth in April 2021 over April 2020, which we highlighted last month.

Softwood is a major driver of this growth with 3.29 million m³ of softwood imported during this time, which is about 52% higher than in the same period last year, and 13% higher than in 2019.

Hardwood import volumes over the five months to May 2021 were 18% higher than 2020 showing a strong bounce back, but at a total of 0.2 million m³, they are yet to exceed 2019 imports figures.

A similar story to hardwood imports can be seen across both plywood imports and particleboard imports. OSB and MDF import volumes have however seen significant growth.

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