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Structural Timber Price Index Tool Offers Powerful Market Analysis

Timber Development UK (TDUK) is launching a powerful new tool, the Structural Timber Price Index, to help the construction industry assess changes in the UK timber market. The Structural Price Index displays the monthly price of structural timber stretching back to 2018, giving users the ability to compare today’s timber prices to those seen five years ago. The figures seen in 2018 were pre-Brexit, pre-COVID-19 and pre-war in Ukraine, making them arguably the most recent ‘normal’ year we have experienced and therefore a sensible point for comparison.

TDUK Head of Technical and Trade Policy, Nick Boulton, explains: “The TDUK Structural Timber Price Index is a powerful new tool for the construction industry to understand the state of the timber market in the UK. As you can see from this first iteration, now online for public use, the price of structural timber has been on a rollercoaster journey over the past three years – in between major events like Brexit, COVID-19, and the invasion of Ukraine.

both Taylor Lane and Cala. Taylor Lane is a successful business with an experienced management team and talented workforce. For Cala, this also demonstrates our clear commitment to delivering our climate targets. The investment in Taylor Lane sets out our path to transitioning to timber frame across our English developments, a key element of our sustainability strategy. The positive arguments for timber frame construction have never been more compelling.”

Jonathan Lane, Managing Director at Taylor Lane, added: “This marks the start of an exciting new chapter for Taylor Lane and is a fantastic endorsement of our potential from a highly respected UK homebuilder. We are delighted to being moving forward with Cala as our new owners. Over the past

40 years we have successfully grown Taylor Lane to a £30million turnover business delivering around 2,000 timber frame units per year, to a wide variety of sectors. This is testament to the vision of our cofounders, Colin Taylor and Barrie Lane, and the hard work and commitment of our employees alongside the quality of our product and our approach to customer service. We are all incredibly proud of Taylor Lane’s achievements to date.”

Pictured L-R Brian Johnson, Group Development Director, Cala Group & Jonathan Lane, Managing Director, Taylor Lane

Source: www.cala.co.uk www.taylor-lane.co.uk

“Timber is a globally traded commodity, and the UK is a major importer of structural timbers, so large geopolitical events can ripple across the trade. The abnormal structural timber prices we have seen over the past three years reflect the abnormal market we have all lived through. However, the three most recent months shown on the index – from November 2022 to January 2023 – are among the most stable price periods we’ve seen since 2019 – which likely reflects the balance between supply, demand, and price. While no one can predict the future, the commodity market for structural timbers has historically been a steady, and dependable one. We will be watching the market carefully to see whether this trend will be re-established.”

This latest tool is part of TDUK’s ongoing mission to provide comprehensive market data to help the timber supply chain navigate the changing economic climate. This includes monthly timber import statistics, quarterly reports on UK timber demand and supply, and weekly economic and construction updates from the Construction Products Association.

Source: https://timberdevelopment.uk/ supply/market-data

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