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Timber Price Indices: Data to March 2014

The latest National Statistics on Timber Price Indices produced by the Forestry Commission were released on 15 May 2014 according to the arrangements approved by the UK Statistics Authority.

Timber Price Indices are based on sales by the Forestry Commission and Natural Resources Wales and consist of the Coniferous Standing Sales Price Index and the Softwood Sawlog Price Index. They present data to March 2014 for Great Britain. 

The key points from the latest release are:

  • In the Coniferous Standing Sales Price Index:
    • There has been an overall increase in the index over the last ten years, following an overall decrease in earlier years.
    • The index was 13.5% higher in real terms (15.6% in nominal terms) in the year to March 2014, compared with the previous year.
    • The average price for coniferous standing sales was £15.62 per cubic metre overbark standing in nominal terms in the year to March 2014, an increase from £13.29 in the year to March 2013.  
  • In the Softwood Sawlog Price Index:
    • There has been an overall increase over the last five years, following a long period of general decline.
    • The index was 16.0% higher in real terms (17.7% in nominal terms) in the 6 months to March 2014, compared with the corresponding period of the previous year.
    • The average price for softwood sawlog sales was £45.45 per cubic metre overbark in nominal terms in the 6 month period to March 2014, an increase from £40.71 in the 6 months to September 2013 and £38.60 in the 6 months to March 2013.

Coverage:  Great Britain

Geographical breakdown:  None

First Release: 
Timber Price Indices: Data to March 2014

Data: 
Tables in Excel format
Longer time series (including underlying data used in constructing the timber price indices)

Quality:
Quality Report:  Timber Price Indices

Methodology Paper (August 2008):
Methodology for the Coniferous Standing Sales Price Index

Statistician:  Sheila Ward

Contact:
Jackie Watson
Tel:  0300 067 5238
E-mail:  statistics@forestry.gsi.gov.uk

Next update:
6 November 2014 (data to September 2014)
14 May 2015 (data to March 2015)

Pre-release access:
Information on pre-release access to this publication can be found on the pre-release access page.

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