TTJ Reports UK Hardwood Sales Improving. ITTO European Market Report 30th November 2020

UK hardwood market recovering.

The UK hardwood trade may not be back to normal, and there is continuing anxiety about the effect of a second COVID-19 wave, but the sector has seen sales improving since May. This is according to the latest November/December 2020 hardwood market report in the UK Timber Trades Journal (TTJ – www.ttjonline.com ).

“In April we were at 40% of normal turnover, but we hit 60% in May, 80% in June and July was a good month, not on budget, but ahead of last year,” said a UK importer-distributor. “It’s not business as usual yet, but we’re in a better place than anticipated four months ago.”

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UK Market For African Hardwood “Recovering Well” After Lockdown. ITTO European Market Report 15th September 2020

UK Hardwood Market recovery

The UK market for sawn African hardwood has been recovering well following easing of COVID-19 lockdown measures from June onwards. However, there are significant problems on the supply side with COVID-19 contributing to reduced harvesting and mill operations and a significant reduction in freight capacity.

This adds to the pre-existing challenges imposed by too much focus on a limited range of commercially valuable hardwood species in the UK, a feature of the market which sits uncomfortably with the UK’s strong preference for FSC certified material.

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