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Timber supply chain “has been working at full steam trying to meet the unprecedented demand”

by Jennie Ward

Timber Trade Federation reports that timber and panel imports reached highest monthly total since October 2007 in Nov 2020, but warns “record volumes of timber are being brought in and absorbed by the market as quickly as they are coming off the dock, often by previous allocation.”

The Timber Trade Federation has reported that timber and panel imports reached 1.08 million m3 in November 2020, which was the highest monthly total since the October 2007 volume of 1.04 million m3.

This was the second consecutive month where imports of the main timber and panel products were above the 1 million m3 mark.

The growth in the imports of the main timber and panel products in November 2020 of nearly 37% is said to be in stark contrast to the 39% reduction in volume in April 2020.

David Hopkins, CEO of the Timber Trade Federation, said: “This demonstrates that the timber supply chain has been working at full steam trying to meet the unprecedented demand. Record volumes of timber are being brought in and absorbed by the market as quickly as they are coming off the dock, often by previous allocation.

“We can expect construction and renovation to play a large role in these plans, putting extra pressure on supply chains in terms of availability and inflation. This has caused problems across the supply chain, particularly the merchant-to-builder route, causing strain and shortages in certain areas.”

 www.ttf.co.uk

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