TIMBER imports to the UK have continued to stabilise during 2024, following very similar patterns to those seen in 2023 for the first eight months of the year.

The latest figures for August 2024 show imports of the main timber and panel products fell below the levels seen in August 2023 by nearly 4 per cent. Lower hardwood plywood imports contributed to this lower volume, down 19 per cent in the month. However, hardwood plywood volumes were untypically high in August 2023, exaggerating this year’s monthly decline.

Despite the fall seen in August, overall import volumes of the main timber and panel products remain just 2.8 per cent lower in the first eight months of 2024 than during the same period in 2023 – with the overall deficit remaining the same as last month. This shows timber and panel imports have largely steadied over the last 18 months, following a period of great volatility post-pandemic.

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In the first eight months of 2024, solid wood imports were 2 per cent lower than during the same period in 2023, and imports of panel products were 4.6 per cent lower.

Barring any unexpected changes before the end of the year, it is expected that the year will end with volumes being broadly similar to those seen last year.

According to Timber Development UK (TDUK) - the organisation behind the figures - the statistics we’ve seen over the past 18 months can be largely attributed to weak construction and manufacturing markets, in addition to low levels of consumer spending and high interest rates. This has suppressed demand for many products in the UK, with timber and panel products being no exception.

The latest Construction Products Association’s (CPA) estimates for 2024 indicate private new housing output will be 9 per cent lower and repair and maintenance output 4 per cent down – both significant sectors for the use of timber as a material.

TDUK Head of Technical and Trade, Nick Boulton, said: “Despite the largely subdued timber sector we’ve seen this year, there is cause for cautious optimism as we move into 2025. The National Softwood Division (NSD) has projected a 5 per cent uplift in softwood consumption in 2025, though these forecasts were published before the government’s Autumn Budget.

Predictions for a softwood consumption rise were made before Chancellor Rachel Reeves' Autumn Budget Predictions for a softwood consumption rise were made before Chancellor Rachel Reeves' Autumn Budget

“The CPA has also predicted a rise in overall construction output of 2.5 per cent in 2025 – slightly more positive than was expected three months before. The industry remains challenging, but there are signs that things are beginning to improve, and early indicators suggest the two largest construction sectors – private housing and private repair, maintenance and improvement – will pick up next year.

"This is good news for the timber sector, and now it’s important for us to take advantage of these opportunities as and when they arise."