Timber Market Update Spring 2021

There have been some spectacular timber price increases over the last six months due to low levels of imports and strong domestic demand. Oliver Combe, Forestry and Woodland Manager Advisor at Stephensons Rural  explains that stocks throughout the supply chain are very low and merchants are competing hard for any material reaching the market.

Timber Market Update Spring 2021

The timber industry has weathered the Covid storm remarkably well which has lead to steady demand throughout the second half of 2020 and into spring 2021 and an overall trend of increasing prices.

For some categories such as softwood sawlogs there have spectacular price increases over the last six months due to low levels of imports and strong domestic demand. Stocks throughout the supply chain are very low and merchants are competing hard for any material reaching the market.

Supplies to the market are now improving; Timber Auctions has over 100,000 tonnes of standing timber to market in March which is a new record volume for us.

The market for firewood was much steadier during 2020 however, the recent cold spell and the increase in demand for wood fuel from people working from home has seen a sudden increase in demand during February 2021 and rising prices.

Whilst prices for softwood chip wood for board manufacture and bio fuel have remained static over the last year the demand levels are strong.

Timber auctions recently held a tender sale of standing and roadside timber parcels in Yorkshire, Lincolnshire and Wales; the parcels were typical farm and estate type woodlands and contained a mixture of species for both thinning and clear felling.

Prices have been excellent for all the parcels with prices for standing softwood with good sawlog content at record levels and roadside firewood prices very strong as well. There has not been a better time to sell timber.

What is really interesting is the spread of prices which has really widened due to the fast moving market, for example prices offered for roadside firewood varied from £50 per tonne to over £75 per tonne, whilst for softwood sawlogs on one site the price varies from £18 per tonne to £60 per tonne.

It is vital to seek professional advice when considering selling timber either as a standing sale or a roadside sale, Timber Auctions are specialists in helping landowner, agents and managers market their timber to achieve the best value from their timber sale.

For more information please contact Oliver Combe on 07771 958975 or 01904 489731.

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