Finance & Prices
This chapter contains statistics on:
- timber prices;
- financial returns from forestry investment;
- gross value added (GVA);
- Government expenditure on forestry; and
- grant schemes.
Estimates for England, Wales, Scotland and Northern Ireland are included, where possible, in addition to UK or GB totals. Further information on the data sources and methodology used to compile the figures is provided in the Sources chapter.
Most of the statistics presented in this chapter have been previously released. The latest year figures for Government expenditure on forestry are published in this format for the first time in this release. Some figures for earlier years have been revised from those previously published. For further details on revisions, see the Finance & Prices section of the Sources chapter.
A copy of all Finance & Prices tables is available to download as an Excel spreadsheet from the Tables for Download page.
The main findings are:
- The Coniferous Standing Sales Price Index for Great Britain was 1.9% higher in real terms in the year to March 2012, compared with the previous year.
- The Softwood Sawlog Price Index was 4.5% higher in real terms in the 6 months to March 2012, compared with the corresponding period of the previous year.
- The Investment Property Databank (IPD) UK Forestry Index shows a total return of 21.6% per annum for the three year period 2009 to 2011, and an annual return of 34.8% for 2011.
- Gross value added (GVA) in primary wood processing (sawmilling, panels and pulp & paper) was £1.35 billion in 2010. GVA in forestry was £0.33 billion.
- Net expenditure on public forests by the Forestry Commission totalled £56 million in 2011-12. A further £134 million were spent by the Forestry Commission on other activities.
- A total of £72 million was paid in grants by the Forestry Commission in 2011-12.