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Timber Price Indices

The latest National Statistics on Timber Price Indices produced by the Forestry Commission were released on 19 May 2016 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 2016 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 13 years, following an overall decrease in earlier years.
    • The index was 9.7% lower in real terms (9.5% in nominal terms) in the year to March 2016, compared with the previous year.
    • The average price for coniferous standing sales was £16.79 per cubic metre overbark standing in nominal terms in the year to March 2016, a decrease from £18.48 in the year to March 2015.  
  • In the Softwood Sawlog Price Index:
    • There has been relatively stable in recent years, following a long period of general decline.
    • The index was 16.7% lower in real terms (16.6% lower in nominal terms) in the 6 months to March 2016, compared with the corresponding period of the previous year.
    • The average price for softwood sawlog sales was £41.34 per cubic metre overbark in nominal terms in the 6 month period to March 2016, an increase from £38.63 in the 6 months to September 2015 but a decrease from £49.55 in the 6 months to March 2015.

Coverage:  Great Britain

Geographical breakdown:  None

First Release: 

Timber Price Indices: Data to March 2016

Data: 
Tables in Excel format

Longer time series data for the Coniferous Standing Sales Price Index, for years ending March 1985 to March 2016, are available in EXCEL spreadsheet and PDF formats. The data also give underlying figures for volumes, total prices and average prices by average tree size in Great Britain.

Longer time series data for the Softwood Sawlog Price Index, for 6 month periods ending March 1985 to March 2016, are available in EXCEL spreadsheet and PDF formats. The data also give underlying figures for average prices in Great Britain.

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:
10 November 2016 (data to September 2016)
18 May 2017 (data to March 2017)

Pre-release access:
Information on pre-release access to these publications can be found in the pre-release access pages.

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Previous releases

Price indices for standing sales and for softwood sawlog prices are published twice yearly. These indices are based on Forestry Commission data.

User engagement

In order to improve the statistics that we produce and to ensure that they remain relevant, we are interested in hearing from people who use our statistics. More information on how we consult users and contact details can be found on our user engagement page.

Last updated: 11th August 2016