Hardwood timber is in the up says Grown in Britain as its latest pricing data shows increases in value across the board for 2018.
“Buyers may wince at steadily rising prices such as these we have recorded in our latest pricing tables but demand across the world is set to steadily rise and rise and so increases should be passed up the supply chain as it is an amazing substance and should be valued accordingly,” said chief executive of Grown in Britain Dougal Driver.
There is strong demand for Oak, which reached record prices at the November Hardwood Auction in Cirencester, with planking up by 30% and firewood up by 10-15%.
This has been driven by the weak pound, China buying up French oak and weaker import availability and oak sawn timber prices are high, with concurrent prices for millable round oak.
Ash firewood is up by 20-30% and planking is up by 10% (export) showing a strong demand.
Beech/Sycamore firewood is up by 10-15% and logs are up by 5-10% (partly export market pull) and Sweet Chestnut/Lime/Poplar – Firewood/(biomass) is up by 15-20%.
Poplar logs are up by 20% and Sweet Chestnut logs are up 15-20% while harvesting rates are rising on an average of 10%.
Biomass is pushing up the pricing for all grades of firewood and the firewood market is responding by paying stronger prices, notably for what it particularly wants (Ash).
“The rising prices of hardwood timber are fantastic news for woodland owners,” said Chairman of the Forestry Commission, Sir Harry Studholme. Higher prices justify and encourage woodland management, and this management supports future production of this beautiful raw material. More than this, well-managed woodlands help plants and wildlife to flourish and store carbon to help tackle climate change. Grown in Britain are doing an exceptional job to develop the market for hardwood timber and realise these benefits.”