In the UK many industries were predicting that 2020 would be the worst year on record according to the Timber Trade Federation. Companies feared financial loss or ruin while individuals were braced for widespread job losses. Source: Timberbiz
In common with virtually every other industry in the UK, a regular tale among timber companies was of sales ‘falling off the cliff’.
However, a look at the Statistics Dashboard for April and May 2020 for softwood imports (which account for around 60% of all wood products imports) tells the story.
For softwood imports in April 2020, volume was around 40% below that in a normal year. For hardwood imports in May 2020, volume was nearly 60% below the norm. Panel products fared little better, lower by around 36%.
Then something rather remarkable happened in the timber industry.
Demand for timber products, especially for home and garden improvement and maintenance rocketed.
A clear re-direction of disposable income away from hospitality and service industries (pubs, clubs, restaurants, shops and sporting venues) and from travel (commuting, holidays, family and social visits) to home-centred activities was taking place.
Timber suppliers reported an upsurge in demand that was, at times, difficult to manage.
Converts to DIY and the professional tradesman provided the impetus behind the strong recovery of timber imports which saw a return to more normal levels by the northern summer months, but volumes continued to soar in the final quarter of 2020.
Volumes of all timber and panels were higher in Q4 2020 over Q4 2019 by 40% with softwood imports alone, 60% above the previous year.
The weak, historically low volumes of April and May were replaced by a tidal wave of demand for timber products during the remainder of 2020.
Few would have believed in the dark days of the northern spring of 2020 that volumes would recover to the extent that happened, let alone exceed the volumes of the previous year, but this did, for softwood imports and also for imports of OSB. Other products fell a little short of the volumes of a year earlier, but still participated in a recovery that few predicted.
The Timber Trade Federation Statistics Dashboard is at https://ttf.co.uk/statistics/dashboard/
