Industry News

Timber Market undergoes biggest period of change in decades

Property Consultants Bidwells have released their Summer 2018 Timber Price Database which looks at the standing conifer timber prices achieved in the six months to September 2017, indicating the timber market has undergone perhaps the biggest period of change seen in decades.

Returns from 79 transactions totalling over 742,000 cubic metres of coniferous timber, with a value to the grower in excess of £28 Million have been received and indicate on average significant price rises over the period.

With Bidwell’s last commentary back in December 2017 stated that there were “current reports of supply shortages and increasing upwards pressure on standing sales values” – this has proved to be something of an understatement as the latest set of results for October 2017 – March 2018 had clearly demonstrated.

All signals are pointing towards prices of coniferous timber throughout Scotland & Northern England having continued to increase since the end of March and there are still considerable supply pressures on timber processors. 

Raymond Henderson, Forestry Partner at Bidwells commented: “It is always difficult to predict the future, given the influence which global demand and exchange rates have on domestic timber values, but the overall macro-economic situation of increasing demand and tightening supplies suggests no reason to suspect a weakening of prices over the short term."

“Good news for timber growers then, but possibly less so for many processors, and given the closely linked health dependence of each sector on the other, it can be in no-one’s best interests to see unsustainably high prices. The hope is therefore that what we have been seeing is a re-basing of timber values at levels which can be maintained in the long term.”

To view the full insights and research, please click on the report here

 

[News URL: http://cti-timber.org/content/timber-market-undergoes-biggest-period-change-decades]

British Woodworking Federation launches 'Build it Better with Wood' campaign

The British Woodworking Federation (BWF) has launched a campaign to promote the UK’s woodworking sector and the many benefits of building with wood.

‘Build it Better with Wood’, is designed to make wood the construction material of choice by celebrating its many benefits in the built environment and promoting the vast range of woodworking and joinery expertise available in the UK.

Wood has many significant advantages as a cost effective, versatile, high-performing and truly sustainable building material that can be used in a broad range of applications. And with around 700 BWF members across the UK, there is no shortage of highly skilled and trusted suppliers to choose to build with.

“Build it Better with Wood strengthens the collective voice of the woodworking sector with the aim of making wood the first-choice material in any build.” said Iain McIlwee, former CEO at the British Woodworking Federation. “Build it Better with Wood isn’t just a statement, it embodies the values of this organisation. The 21st century is waking up to the potential of timber and we are working with a growing network of customers and specifiers to ensure that they appreciate the benefits of building with wood. But, as a supply chain, we cannot be complacent and rely on the inherent qualities of the material – we can do more to be healthy, sustainable, efficient and safe.

“Every member joining the BWF is visited and audited against our Code of Conduct. This means that our community is made up of people who share these values and that customers can be assured that they are working with a supplier who is committed to best practice in all areas of operation, including customer care and complaints, technical expertise and training, environmental impact and waste as well as employment, education legislation and health and safety.

“With wood delivering on so many levels, from its aesthetic beauty through to its environmental benefits, and the woodworking sector boasting craftspeople and engineers of the very highest calibre, the proliferation of wood in the built environment presents exciting opportunities for the construction sector.”

The launch of the new Campaign was accompanied by the news of a change at the top of BWF management with Iain McIlwee to stand down as Chief Executive after almost seven years. 

Iain will continue to work alongside the new appointed BWF Acting CEO Helen Hewitt until the end of September.

Helen said: “I am absolutely delighted and honoured to be given the opportunity to spearhead the BWF through this next period of change. I am excited to start this new role and am looking forward to working closely with our Members, the Council and Executive in developing the strategy focused on the new Build it Better with Wood campaign."

 

[News URL: http://cti-timber.org/content/british-woodworking-federation-launches-build-it-better-wood-campaign]