Latest stats from Timber Development UK reveal lumber imports in Q1 2022 falling listed below the record levels seen in 2021.
The data reveal that while lumber import volumes in February 2022 were almost 20% down on February 2021, they stay a little above the pre-pandemic levels of February 2020.
February was the 5th successive month where overall lumber import volumes were listed below the previous year, suggesting a go back to more anticipated patterns within the marketplace.
The most significant element driving modification in between February 2022 and February 2021 was a 178,000 m 3 decrease in softwood imports, with wood and plywood imports up by 32% and 8% respectively.
Nick Boulton, Timber Development UK head of technical and trade, stated: “After the 12% building development and a record year for wood imports in 2021, we were constantly anticipating more modest import volumes in the early months of 2022.
” Softwood imports associate greatly with the RM&I and brand-new real estate market which has actually had a sluggish start to the year. It is most likely these markets will continue to slow as we head into spring 2022, with the most recent CPA projection recommending that inflation will affect these building sectors the hardest.
” This is combined with a most likely downturn in customer self-confidence as the energy and expense of living crisis starts to bite in the coming months. It’s clear that business in the wood sector will require to be more versatile in 2022 looking for facilities and industrial jobs in order to keep strong development. While general these import volumes recommend a more ‘routine’ year for the lumber market, the awful occasions unfolding in Ukraine are most likely to trigger some market disturbance.
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