We are delighted to present the Winter 2018 Bidwells Timber Price Database.
Returns from the sale of some 776,970 cubic metres of private sector coniferous timber grown in Scotland, Northern England and a small amount in Wales with a total standing value to the grower of £29.8 million suggest that the meteoric rise in timber prices experienced in the half year between October 2017 and March 2018 has somewhat levelled off.
Data submitted from 121 coniferous transactions suggests that prices have risen slightly between April and September 2018, though it is probably more accurate to say that values have been maintained at their previously high levels.
Continued weakness of sterling remains a major factor in UK grown timber prices, but high global demand and tightness of supply suggests no reason why the big picture will change in the foreseeable future.
We do of course live in strange times where informed projections are apt to be overtaken by events and the ongoing uncertainties created by the unfolding drama of the UK’s (disorderly) withdrawal from the EU – or possibly not as the case may be – make crystal ball gazing murkier and less certain than ever. That said, the fundamentals of timber sales should not alter too drastically regardless of our membership of the European club.
Thanks are due once more to all those who provided information on timber sales to supply the data on which this publication depends.
If you have anything you would like to discuss resulting from the publication please do not hesitate to contact us.