The latest National Statistics on Timber Price Indices, produced by the Forestry Commission, were released today (19 May 2016) in accordance with the arrangements approved by the UK Statistics Authority. They present data for Great Britain to March 2016.
Timber Price Indices are based on timber sales by the Forestry Commission and Natural Resources Wales, and comprise the Coniferous Standing Sales Price Index and the Softwood Sawlog Price Index. The key points from the latest release are:
In the Coniferous Standing Sales Price Index:
- the index was 9.7% lower in real terms in the year to March 2016 compared with the previous year. There has been an overall increase in the index over the past 13 years, following an overall decrease in previous years; and
- the average price for coniferous standing sales was £16.79 per cubic metre overbark standing in nominal terms in the year to March 2016.
In the Softwood Sawlog Price Index:
- the average price for softwood sawlog sales was £41.34 per cubic metre overbark (felled volume) in nominal terms in the six months to March 2016; and
- the index was 16.7% lower in real terms in the six months to March 2016, compared with the corresponding period of the previous year. Overall, the index has been relatively stable in recent years, following a long period of general decline.
The full release is available in the statistics area of the Forestry Commission website at www.forestry.gov.uk/statistics.
Further information is available from email@example.com; tel: 0300 067 5238.
The Timber Price Indices will next be updated on 10 November 2016, with data to September 2016, and on 18 May 2017, with data to March 2017.
MEDIA CONTACT: Charlton Clark, 0300 067 5049