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Timber Price Indices

The latest National Statistics on Timber Price Indices produced by the Forestry Commission were released on 17 May 2018 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 2018 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 15 years, following an overall decrease in earlier years.
    • The index was 28.2% higher in real terms (30.5% in nominal terms) in the year to March 2018, compared with the previous year.
    • The average price for coniferous standing sales was £24.64 per cubic metre overbark standing in nominal terms in the year to March 2018, an increase from £19.05 in the year to March 2017.  
  • In the Softwood Sawlog Price Index:
    • The index was 20.8% higher in real terms (18.8% in nominal terms) in the 6 months to March 2018, compared with the corresponding period of the previous year.
    • The average price for softwood sawlog sales was £48.36 per cubic metre overbark in nominal terms in the 6 month period to March 2018, an increase from £41.83 in the 6 months to September 2017 and £40.01 in the 6 months to March 2017.

Coverage:  Great Britain

Geographical breakdown:  None

First Release: 

Timber Price Indices: Data to March 2018

Data: 
Tables in Excel format

Longer time series data for the Coniferous Standing Sales Price Index, for years ending March 1985 to March 2018, 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.

Quality:
Quality Report:  Timber Price Indices

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

Statistician:  Sheila Ward

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

Next update:

15 November 2018 (data to September 2018)
16 May 2019 (data to March 2019)

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: 17th May 2018