Home News TTF reveals latest timber import statistics
News Dumby

TTF reveals latest timber import statistics

by Jennie Ward

Import volumes are said to have continued to perform strongly in October 2020, with statistics for the last two months of 2020 expected to continue this trend, but TTF CEO cautions: “we must reiterate that the supply situation remains tight with suppliers keeping most customers on allocation until further notice.”

Timber and panel import volumes performed strongly in October 2020 for the fifth consecutive month since June, according to the latest timber statistics for October 2020.

The Timber Trade Federation (TTF) monthly report has revealed total import volumes for main timber and panel products were 21 percent higher in October 2020 compared to October 2019 levels, as import volumes in the month soared above the 1 million m3 mark. 

However, the TTF says even this strong performance cannot compensate for the loss of import volume in Q2 meaning the ten months to October 2020 is still 11 percent below, compared to the same time last year. Solid wood imports were reportedly 8 percent below the same period in 2019, with panel product imports 15 percent lower.

The TTF says the main drivers of growth in the early Autumn were OSB and softwood imports, supported by higher volumes of plywood and MDF compared to the same period in 2019.

The statistics show that collectively, these four products have led to a 15 percent (377,000m3) increase in the latest three months (August-October 2020) for which data is available.

The TTF says the softwood import volume topped over 700,000m3 in October 2020, the highest October volume since 2003, with the main contributors being Sweden and Latvia with Germany and Russia also exporting more to the UK in the month compared to October 2019.

Statistics show OSB imports in October 2020 were 54,000m3, the highest in the ten months to October, and a 68 percent increase from the volumes seen in October 2019 (32,000m3), whilst MDF imports continued a steady increase reaching its highest monthly total in 2020 with 77,000m3, and an 18 percent increase from October 2019 (65,000m3).  

Plywood imports continued to show a strong recovery reaching triple figures for the second consecutive month with 111,000 min October 2020, slightly bettering the previous year’s imports (October 2019, 107,000m3.) 

David Hopkins, CEO of the Timber Trade Federation, said: “This year has seen demand increase considerably across all products, while supply chains have been severely disrupted as a result of the COVID pandemic, so it is good to see imports rebound so strongly. From talking to our members, we expect the statistics for the last two months of 2020 to continue to show this trend and end the year only slightly below 2019 imports, which would be a remarkable achievement given the circumstances.

“However, despite this comeback in supply, we must reiterate that the supply situation remains tight with suppliers keeping most customers on allocation until further notice. These statistics are a positive sign, but we have some way to go before balancing the market demand.”

www.ttf.co.uk

Related Articles

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More