PRESS RELEASE BY MBD...

UK TIMBER DISTRIBUTION MARKET RESEARCH REPORT

RELEASED: JANUARY 2008

After researching the UK timber distribution market development and taking into account various other factors the following conclusions can be drawn from MBD's report:

MARKET REVIEW 2003-2007:

The UK market for timber at distributor prices is believed to have increased by 1% to £7751 million, consolidating growth of 3% in the previous year. Prior to that demand declined by 1% in 2005, partially negating growth of 1% and 2% in 2004 and 2003 respectively. Overall between 2003 and 2007, sales increased by 4%. Builders’ carpentry represented the largest sector throughout the five year review period, accounting for an estimated 54% of the total in 2007.

MARKET FORECAST 2008-2012:

MBD expected the timber & semi-finished timber products market to increase moderately throughout the five year forecast period, with annual growth rates at between 1% and 2% in real terms. By 2012, demand is anticipated to reach a peak of £4018.9 million (at 2007 prices), representing real term growth of 6% compared with 2007. Overall, market development is expected to be partly driven by increased demand from the construction industry, as timber frame building is anticipated to gain further market share. This is supported by changes in building regulations and government plans to make new homes zero carbon rated, which favours the use of timber due to the material’s superior thermal insulation properties. Prices of timber are unlikely to fall significantly from existing levels, with further price increases expected in some sectors, at least in the short-term.

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Market & Business Development Ltd specialises in business to business market research. The range of reports and industries in which we operate in constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.

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