UK market report
The UK, like many markets around the world, faces the challenges of high inflation, interest rates and consumer confidence which supressed demand for timber from early 2022. Production curtailments in the meantime and reduced deliveries to the UK from the Baltic states have ensured that both customer and producer inventories have remained in check.
Long-term prospects for timber in Great Britain and Ireland remain very positive, particularly as big housebuilders engage more with the green agenda. “We see increasing requests for information about environmental credentials,” says Kevin Peters, Södra Sales Director with responsibility for the island of Ireland and the industrial side of the business in Great Britain.
“It is not only the builders themselves but those who invest in the sector, including pension funds, who need assurance of the sustainability of the projects they help to finance,” adds Kevin. “Timber frame continues to gain ground in GB and Ireland with Scotland historically the trailblazer in this respect. More large-scale builders are bringing timber-frame construction in house, which is a sign of commitment to this building method and of GB and Ireland’s potential as a growth market for timber.
“If we also consider the burgeoning demand for mass timber, Södra’s ability to supply Glulam, KVH, LVL and now CLT as part of our overall offering puts us in prime position to service the needs of our GB and Ireland customers.”