Rising Construction Activity

Reported by the Timber Trade Federation ( TTF ), since 1997 , overall construction activity has expanded at a fast rate . UK sales alone in Q1 of 2020 were up 30.5 % compared to 2019 .

BREXIT

With most timber for construction in the UK imported , the Royal Institute of Chartered Surveyors ( RICS ) reported that “ the world demand is exceeding supply . The Timber Trade Federation currently suggests that UK demand will outweigh supply in 2021 .” Prices rose sharply following the UK ’ s exit of the EU , due to increased administration , shipping costs , and temporary surcharges .

14 November 2021