TTF Timber Statistics - Southern Pine · 2019-11-01 · Plywood Imports & Exports All Plywood imports cumulative % change January - December year-on-year comparison: 2013/2012 = +

TTF Timber StatisticsIndustry Facts & Figures, March, 2014

ContentsHighlightsImports of the leading timber and panel products in 2013were higher by 8% over 2012. It was certainly a year of twohalves: the first half of 2013 was lower than the first half of2012 by over 3% while the second half was higher by 21%.

Import Trade ComparisonsImports of solid wood for the whole of 2013 were 6% higherby volume than in 2012. Panel products were very nearly 12%higher which, when combined with solid wood imports,resulted in all imports growing by 8% in 2013.

Inside this IssueImport and export data and trends for the main timber andpanel products consumed in the UK:

The Bigger Picture (summary) 3Softwood 4Hardwood 5Hardwood Plywood 6Softwood Plywood 7Particleboard 8OSB & MDF 9

Statistical tables, leading economic indicators, currencymovements and housing data:

Tables & Charts 10

The Ups and Downs of 2013 11

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The recovery in timber and panelimports in the final four months of2013 was substantial.

The percentage differences between2013 and 2012 for these four monthsfor all import volume was 32%, 36%,24% and 28%.

All of the leading timber and panelproducts imports grew by volume in2013 over 2012, except for hardwoodimports.

Particleboard imports and OSB grew thefastest in percentage terms andsoftwood imports recorded the highestvolume increase, up by over 320,000m3.

0

100

200

300

400

500

600

700

800

900

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

000m3

2010

2011

2012

2013

All Imports Last 4 Years by Month

The Bigger Picture

7%

-4%

7%

37%

16%

3%

- 2 0 %

- 10 %

0 %

10 %

2 0 %

3 0 %

4 0 %

5 0 %

6 0 %

% C hange Jan- D ec 2 0 13 / 2 0 12Sof t wood

Hardwood

Plywood

Part icleboard

OSB

MDF

% Change by Volume for Main Timber & Panel Imports

Softwood Imports & ExportsSoftwood imports cumulative % changeJanuary - December year-on-year comparison:

2013/2012 = + 6.8%2012/2011 = + 5.1%2011/2010 = - 13.3%

Cumulative volume to December - 000m3

2013 = 5,0822012 = 4,756

Annual volume in 000m3

2012 = 4,756

Measuring volume growth as a mark of success,all of the leading countries supplying softwood tothe UK achieved success in 2013, exceptGermany. Import volume from Germany in 2013was however very similar to the level in 2012(-0.2%). Good growth was achieved by all otherleading countries with Latvia leading the pack, upby nearly 25%, followed by growth of between9% and 19% by Finland, Russia and Ireland.

While Germany just dipped below the growththreshold, Sweden climbed above that mark,growing by 0.3%.

The value of all softwood imported to the UK in2013 was higher than in 2012 by 10.1%. Thisgrowth was generated by a 12.1% uplift in thevalue of sawn softwood and a 6.7% rise in planedsoftwood.

The overall increase in value in 2013 was £86million. By value, sawn softwood represented64% of the total of all softwood importedcompared to 63% in 2012.

The value of whitewood imported to the UK ingrew by over 10% in 2013 compared to 2012while redwood sales increased by over 17%. Thevalue of mixed/other softwood imported in 2013also recorded growth, for the first time in 2013by December, rising by just over 1% for the year.

NB: The values opposite have been rounded.

2 0 13

2 0 122 0 11

2 0 10

0

100

200

300

400

500

600

DecNovOctSepAugJulJunMayAprMarFebJan

000m3

Softwood Imports Last 4 Years by Month

245288

214 217

390430

40 43 30

100

200

300

400

500

Jan - Dec 2012 Jan - Dec 2013 Change

£ millions

Whit ewood

Redwood

Mixed/ Ot her

318 339

21

531596

64

849935

86

0

200

400

600

800

1000

Jan - Dec 2012 Jan - Dec 2013 Change

£ millionsPlaned

Sawn

Tot alº

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Softwood Imports by Species, by Value, Jan-Dec 2013/2012

Softwood Imports by Type, by Value, Jan-Dec 2013/2012

48%

12% 13%8% 6% 5%

46%

14% 13%8%

5% 5%0%

10%

20%

30%

40%

50%

60%

SWEDEN LATVIA FINLAND IRISHREPUBLIC

GERMANY RUSSIA

%of Total2012

2013

Softwood Imports by Major Country, Jan-Dec

Hardwood Imports & ExportsHardwood imports cumulative % changeJanuary – December year-on-year comparison:

2013/2012 = - 3.9%2012/2011 = + 3.1%2011/2010 = - 12.5%


2013 = 4062012 = 423


2012 = 423

A 7.5% drop in hardwood volume imported fromthe USA resulted in a one percentage point fall inmarket share for the market leader in 2013. Growthin volume arriving from Italy and France realised anincrease in share for these two countries while amarginal drop in volume from the Cameroon and a3% fall in imports from Germany - opposite a 4%overall fall in hardwood volume - enabled thesetwo countries to slightly increase their respectivemarket shares.

Supplying 50% of the UK’s imported hardwood,Europe was the only region of the world thatexhibited growth in 2013. Growth rates andchanges in share of supply by region in 2013 over2012 were:

Hardwood exports cumulative % changeJanuary - December year-on-year comparison:

2013/2012 = - 25.1%2012/2011 = - 20.6%2011/2010 = + 2.3%


2013 = 192012 = 25


2012 = 25

2 0 13

2 0 12

2 0 112 0 10

0

10

20

30

40

50

60


000m3

Hardwood Imports Last 4 Years by Month

2 0 13

2 0 12

2 0 11

2 0 10

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000


m3

202 205

120 113

59 5332 28 8 7 1 0

0

50

100

150

200

250

000m3

Europe Nort h

America

Af r ica Asia Cent & S

America

Oceania

2012

2013

25%

8% 8% 8% 7% 6%

24%

10% 9% 9% 7% 6%

0%

5%

10%

15%

20%

25%

30%

USA ITALY FRANCE CAMEROON GERMANY MALAYSIA

%of Tot al

2012

2013

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Hardwood Exports Last 4 Years by Month

Hardwood Imports by Major Country, Jan - Dec

Hardwood Imports by World Region, Jan - Dec

% Growth2013/2012 2013 2012

Europe 1% 50% 48%North America -6% 28% 28%Africa -10% 13% 14%Asia -14% 7% 8%Cent & S America -16% 2% 2%Oceania -70% 0.1% 0.2%

Share of Supply

Plywood Imports & ExportsAll Plywood imports cumulative % changeJanuary - December year-on-year comparison:

2013/2012 = + 6.9%2012/2011 = - 3.4%2011/2010 = + 5.2%


2013 = 1,3742012 = 1,285


2012 = 1,285

Hardwood plywood imports cumulative %change January - December year-on-yearcomparison:

2013/2012 = + 1.4%2012/2011 = - 0.5%2011/2010 = + 6.3%


2013 = 9072012 = 895


2012 = 895

Hardwood plywood imported by the UK fromChina in 2013 was around 3% lower, down bynearly 16,000m3. The growth of all hardwoodplywood imports in 2013 was driven byincreased volumes from Malaysia, Finland andRussia. Growth from these three countries wasin the order of 5%, 13% and 7% respectively.Along with China, Uruguay lost ground in 2013,down by a similar volume as China.

The final month of 2013 saw volume fromMalaysia nearly double, compared to the samemonth in 2012. This led to a sharp rise in marketshare for Malaysia in the month. Finland tooraised volume by a substantial amount, up bynearly 2,000m3 for the month. A large rise involume in December was also recorded fromLatvia, again higher by around 2,000m3.

2 0 13

2 0 12

2 0 112 0 10

0

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000m3

All Plywood Imports Last 4 Years by Month

5%

56%

11% 8%5%

53%

11% 9% 6%3%

0%

10%

20%

30%

40%

50%

60%

CHINA MALAYSIA FINLAND RUSSIA URUGUAY

%of Tot al

2012

2013

2 0 13

2 0 12

2 0 11

2 0 10

0

2040

6080100120


000m3

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Hardwood Plywood Imports Last 4 Years by Month

Hardwood Plywood Imports by Major Country, Jan-Dec

56%

10%6% 6%

2%

47%

15%8% 6%

5%0%

10%

20%

30%

40%

50%

60%

70%

CHINA MALAYSIA FINLAND RUSSIA LATVIA

%of Tot al2012

2013

Hardwood Plywood Imports by Major Country, Dec

Plywood Imports & ExportsSoftwood plywood imports cumulative % changeJanuary - December year-on-year comparison:

2013/2012 = + 19.4%2012/2011 = - 9.4%2011/2010 = + 3.0%


2013 = 4662012 = 390


2012 = 390

Growth of approaching 70% in softwoodplywood imports from China in 2013 drove themarket higher and was chiefly responsible forthe near 20% overall growth in volume. A similargrowth in volume (19%) from Brazil was alsohighly significant and enabled that country tomaintain its share of the market in 2013.

Only moderate growth from Finland and a 26%drop in volume from Chile resulted in both ofthese countries losing market position in 2013.

NB: The volumes from China remain subject toinvestigation by HMRC.

An increase in volume of around 7,000m3 fromChina and approximately 3,000m3 from Brazil inthe month of December 2013, compared toDecember 2012, was largely responsible for theoverall growth of 8,000m3 in the month. Volumefrom Finland and Chile was lower by around1,000m3 for each country.

All Plywood exports cumulative % changeJanuary - December year-on-year comparison:

2013/2012 = + 6.8%2012/2011 = - 23.3%2011/2010 = - 14.2%


2013 = 582012 = 54


2012 = 54

2 0 13

2 0 12

2 0 11

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010

2030

4050

6070


000m3

2 0 13

2 0 12

2 0 112 0 10

0

2

4

6

8

10

12


000m3

11%

51%

5%

27%

48%

24% 18%

6%

0%

10%

20%

30%

40%

50%

60%

BRAZIL CHINA FINLAND CHILE

%of Tot al2012

2013

8%

46%

16%23%

46%

23% 20%

5%

0%

10%

20%

30%

40%

50%

BRAZIL CHINA FINLAND CHILE

%of Tot al

2012

2013

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Softwood Plywood Imports by Major Country, Jan-Dec

Softwood Plywood Imports by Major Country, Dec

Softwood Plywood Imports Last 4 Years by Month

All Plywood Exports Last 4 Years by Month

Particleboard Imports & ExportsParticleboard imports cumulative % changeJanuary - December year-on-year comparison:

2013/2012 = + 37.1%2012/2011 = - 14.8%2011/2010 = + 7.7%


2013 = 5702012 = 416


2012 = 416

All of the leading supplying countries ofparticleboard increased volume shipments to theUK in 2013. Around 33,000m3 more was suppliedby both Germany and Portugal, but the greatestincrease in volume came from France, higher by47,000m3. Around 18,000m3 more volume than in2012 was supplied from Belgium and about halfof this was shipped from both Ireland and Spain.

Particleboard imports in the month of December2013 were around 50% higher than in December2012 with volume from France and Germanyhigher by similar amounts — around 4,000m3.Increased volume from Portugal and Belgiumcompleted the major growth for the month fromthe leading supplying countries.

These top four countries accounted for 87% of allparticleboard imports in the month of December2013, compared to 80% in 2012.

Particleboard exports cumulative % changeJanuary - December year-on-year comparison:

2013/2012 = - 53.9%2012/2011 = + 30.4%2011/2010 = - 15.6%


2013 = 732012 = 158


2012 = 158

2 0 13

2 0 122 0 11

2 0 10

010

20304050

6070


000m3

Particleboard Imports Last 4 Years by Month

2 0 13

2 0 12

2 0 112 0 10

0

5

10

15

20

25

30


000m3

22%

32%

16%10%

6%

34%26%

14% 13%7%

0%

10%

20%

30%

40%

50%

FRANCE GERMANY PORTUGAL BELGIUM IRISHREPUBLIC

%of Tot al 2012

2013

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Particleboard Exports Last 4 Years by Month

Particleboard Imports by Major Country, Dec

34%28%

8% 10% 9%

30% 29%

12% 11% 8%

0%

10%

20%

30%

40%

GERMANY FRANCE PORTUGAL BELGIUM IRISH

REPUBLIC

%of Tot al2012

2013

Particleboard Imports by Major Country, Jan-Dec

OSB & MDF Imports & ExportsOSB imports cumulative % changeJanuary - December year-on-year comparison:

2013/2012 = + 16.5%2012/2011 = - 4.5%2011/2010 = + 3.6%


2013 = 2262012 = 194


2012 = 194

OSB exports cumulative % changeJanuary - December year-on-year comparison:

2013/2012 = - 10.4%2012/2011 = + 2.7%2011/2010 = + 25.4%


2013 = 1562012 = 175


2012 = 175

MDF imports cumulative % changeJanuary - December year-on-year comparison:

2013/2012 = + 3.2%2012/2011 = - 8.7%2011/2010 = + 2.4%


2013 = 5762012 = 558


2012 = 558

MDF exports cumulative % changeJanuary - December year-on-year comparison:2013/2012 = - 34.5%2012/2011 = + 16.6%2011/2010 = + 20.4%


2013 = 1262012 = 193


2012 = 193

2 0 132 0 12

2 0 11

2 0 100

10

20

30

40


000m3

OSB Imports Last 4 Years by Month

2 0 13

2 0 12

2 0 11

2 0 100

5

10

15

20

25


000m3

2 0 13

2 0 12

2 0 112 0 10

0

20

40

60

80


000m3

2 0 13

2 0 12

2 0 11

2 0 10

0

5

10

15

20

25


000m3

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MDF Exports Last 4 Years by Month

OSB Exports Last 4 Years by Month

MDF Imports Last 4 Years by Month

Key DataStatistical Tables

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000s Imports Exports & Imports Exports & Imports Exports & Imports Exports & Imports Exports & Imports Exports &cbm Re-Exports Re-Exports Re-Exports Re-Exports Re-Exports Re-Exports

Dec-13 334 8 21 1.7 99 3 35 4 22 14 30 8

Oct-13 538 17 35 1.3 143 4 56 8 35 14 56 9Sep-13 485 14 36 1.1 125 6 57 6 20 11 55 8Aug-13 359 12 35 1.4 85 6 43 6 18 9 46 9Jul-13 443 15 48 1.5 126 5 49 6 20 8 54 6Jun-13 423 12 33 1.7 116 5 47 6 12 18 45 14May-13 466 15 33 3.2 98 4 47 6 26 12 43 7Apr-13 446 14 33 1.5 139 4 47 5 15 13 47 14Mar-13 401 10 31 1.7 76 3 50 6 12 17 44 17Feb-13 361 10 33 1.2 101 6 45 6 19 18 43 14Jan-13 365 10 33 1.5 118 6 41 6 15 13 52 12Dec-12 258 5 18 1.0 79 3 24 10 11 19 32 11Nov-12 358 10 35 1.4 120 4 40 9 13 8 53 13Oct-12 411 11 37 1.9 84 3 39 12 14 11 48 10Sep-12 339 10 32 2.2 117 4 35 12 10 19 54 15Aug-12 354 9 37 2.1 89 4 37 7 19 15 42 13Jul-12 433 10 41 2.6 135 4 35 14 15 8 38 16

Nov-13 459 11 37 1.1 146 6 54 7 12 9 62 8

Economic Indicators & CurrenciesEconomic Indicator Oct-13 Nov-13 Dec-13 Jan-14Annual GDP (Q this yr/ Q last yr) + 1.8%

UK Interest Rates 0.5% 0.5% 0.5% 0.5%

CPI (inc Housing) Index % (CPIH) 2.0% 1.9% 1.9% 1.8%

Consumer Price Index % (CPI) 2.2% 2.1% 2.0% 1.9%

UK All Manufacturing Price Index 0.8% 0.8% 1.0% 0.9%

Industrial Production (2009 = 100) 96.8 96.6 97.1 nya

Claimant Unemployment 000s 1,305.3 1,271.0 1,243.3 1,215.7

Average Earnings (inc bonuses) 1.1% 0.7% 1.5% nya

Annual Construction OutputConstant Prices - Qtr/Qtr ty/ly

- Month ty/ly + 4.9% + 2.0%+ 4.4%+ 6.3%

nyanya

Feb-14

0.5%

nya

nya

nya

nya

Currency Nov-13 Dec-13 Jan-14Pound vs Dollar 1.64 1.65 1.65

Pound vs Euro 1.20 1.20 1.22

Pound vs Malaysian Ringgit 5.19 5.42 5.50

Dollar vs Malaysian Ringgit 3.17 3.28 3.34

Pound vs IndonesianRupiah

19,070 20,107 20,009

Dollar vs Indonesian Rupiah 11,655 12,166 12,151

Pound vs Krona 10.74 10.61 10.75

Dollar vs Brazilian Real 2.33 2.36 2.41

Pound vs Russian Rouble 54.22 54.23 57.78

Dollar vs Chinese Yuan 6.13 6.11 6.11

Feb-141.67

1.22

5.47

3.28

19,341

11,574

10.79

2.32

60.2

6.13

Housing Statistics

0

50

100

150

200

250000s Units

P r i vat e Sect or

Soci al Sect or

T ot al

Pr i vate Sector 188 202 196 196 203 110 85 105 106 99

Soci al Sector 21 26 27 28 31 32 29 34 31 26

T otal 209 228 224 224 234 142 114 139 137 124

2003 2004 2005 2006 2007 2008 2009 2010 2011 20120

100

200

300

000s Units

P r i vat e Sect or

Soci al Sect or

T ot al

Pr i vat e Sect or 173 183 186 187 198 155 123 107 106 110

Soci al Sect or 18 21 24 26 28 33 36 31 35 34

T ot al 190 204 210 213 226 188 159 139 141 144

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

0

10

20

30

40

50

60

Q1 Q2Q3 Q4Q1 Q2Q3 Q4 Q1Q2 Q3Q4 Q1Q2Q3Q4 Q1 Q2 Q3Q4Q1 Q2 Q3 Q4Q1Q2Q3 Q4

2007 2008 2009 2010 2011 2012 2013

000s Uni ts

Official housing startsdata, released in August2013 for 2012, reveals anear 10% fall comparedto 2011.

C o m p l e t i o n s w e r ehigher, up by nearly 2%.

Housing starts rose inEngland in the year 2013by over 23,500, a growthof nearly 24%. A total of123,000 starts for theyear represented the bestyear for housing startssince 2007 when around184,000 homes werestarted.

UK Housing Starts, 2003-2012 UK Housing Completions, 2003-2012

English Housing Starts & Trend to Q4 2013

2125

22

16

2123 24

19 20 2022

17

2226

28

22

69

74

7 8 6 5 5 5 6 5 5 7 6 6

27

34

29

21

2831 30

24 25 2428 27

33 35

28

22

0

10

2 0

3 0

4 0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2010 2011 2012 2013

000s Units P r i v a t e S e c t or S oc i a l S e c t or Tot a l

English Housing Starts by Tenure to Q4 2013

Softwood MDFOSBParticleboardPlywoodHardwood

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The Ups and Downs of 2013The year 2013 was a year of mixed fortune.

For nearly all the main timber and panelproducts imported by the UK, the first part ofthe year was poor, in volume terms, with allproducts except particleboard lower than forthe same period in 2012.

Each of the charts here and overleaf show thepercentage volume change for each month of2013 compared to 2012 on a month-by-monthbasis. Shown opposite, softwood imports in thefirst three months of 2013 were lower than in2012 by 10% and for the first half of 2013 were5% down. From September, the sudden surge inimports began which resulted in growth ratesover the final four months of 2013 of 43%,31%, 28% and 29% compared to the sameperiod in 2012. While this change in demandwas undoubtedly robust, it should be noted thatthe second half of 2012, the period againstwhich these growth rates are judged, was aperiod of continued weakness. This is confirmedby comparing the difference in growth in thesecond half of 2013 over the first half to growthin the second half of 2012 over the first half of2012. Softwood imports in the second half of2013 were higher than the first half by 6%while the second half performance in 2012 waslower than the first half of 2012 by 17%.

Improvement took place in the second part of2013 for hardwood imports but was lesspronounced than for softwood, as shown in thesecond chart above. This improvement in thesecond part of the year was not sufficient tocompensate for the weakness at the start of theyear however and hardwood imports finishedthe year down, around 4%. Where growth didoccur with hardwood imports (four months outof the twelve) it was relatively strong, but withmuch lower volumes than for softwood and afar wider range of product types, hardwoodimports often exhibit a greater volatility thanmany other products. Nonetheless, a similarpattern emerged as for other products and asimilar difference in the growth in the secondhalf of 2013 over the first half, compared to thesecond half of 2012 over the first half, tookplace with the second half of 2013 recordinggrowth of 9% while the second half of 2012was lower than the first half by 10%. For thetwo varieties of plywood, imports were alsosubstantially improved from August andSeptember onwards. The second half of 2013 forhardwood plywood imports was 11% higher

-30%

-20%

-10%

0%

10%

20%


%Mont hly

Change

% Monthly Change in Hardwood Imports, 2013/2012

-20%

-10%

0%

10%

20%

30%

40%

50%


%Mont hly

Change

% Monthly Change in Softwood Imports, 2013/2012

-40%-20%

0%20%

40%

60%

80%100%

120%


%Mont hly

Change

% Monthly Change in Softwood Plywood Imports 2013/2012

-60%

-40%

-20%

0%

20%

40%

60%

80%

100%


%Mont hly

Change

% Monthly Change in Hardwood Plywood Imports 2013/2012

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The Ups and Downs of 2013than the first half compared to zero growth inthe second half of 2012 over the first half of2012. For softwood plywood the comparisonsshow growth in the second half of 2013 at 13%against a decline of 17% in the second half of2012.

Only particleboard imports did not showweakness at any time in 2013 against 2012.As shown opposite, good growth rates wereachieved for each month of the year. However,the surge that has taken place for mostproducts since August has also occurred withparticleboard. Exceptional growth was realisedin the month of September and has continuedto the end of the year. The pattern ofimprovement is also consistent with otherproducts with the second half of 2013 up by 6%against growth of just 1% for the second half of2012.

OSB imports, lower in absolute volume thanother products, exhibited greater volatility butagain, a similar growth pattern emerged. Thebest months of the year in volume terms wereSeptember, October and December whichgenerated a 27% improvement for the secondhalf of 2013 over the first half. The comparablefigure for the second half of 2012 was minus28%.

The improvement in MDF imports in the secondpart of 2013 was less marked, but neverthelesstook place. A 10% difference between thesecond and first halves of the year occurredwhile in 2012, the second half was lower thanthe first by 7%.

Aggregating the volumes of all product importsreveals a very clear picture of the two differentparts to 2013.

In the chart opposite, growth was difficult toestablish in the first six months of the year asone poor month was followed by animprovement only to be followed by anotherpoor month. From August however, there hasbeen a strength and consistency in the growththat has taken place. The monthly differencesfor the final four months of the year have been32%, 36%, 24% and 28% respectively. The twohalf-year comparisons for all imports show agrowth of 8% in the second half of 2013compared to 13% reduction that took place inthe second half of 2012. After a six year periodof weakness for timber imports, it would seemthat the recovery is finally underway.

-100%

-50%

0%

50%

100%

150%

200%


%Mont hly

Change

% Monthly Change in OSB Imports 2013/2012

0%

10%

20%

30%

40%

50%

60%

70%


%Mont hly

Change

% Monthly Change in Particleboard Imports 2013/2012

-20%

-10%

0%

10%

20%

30%

40%


%Mont hly

Change

% Monthly Change in All Main Product Imports 2013/2012

-40%

-20%

0%

20%

40%

60%


%Mont hly

Change

% Monthly Change in MDF Imports 2013/2012

Timber Trade FederationThe Building Centre

26, Store StreetLondon WC1E 7BT

Tel: 020 7 291 5378Fax: 020 7 291 5379Web: www.ttf.co.uk

E-mail Contact: [email protected]

Registered in England No. 2515034 at the above office.

ttf.co.uk 12

Documents

TTF Timber Statistics - Southern Pine · 2019-11-01 · Plywood Imports & Exports All Plywood imports cumulative % change January - December year-on-year comparison: 2013/2012 = +