Sawmilling & Wood Planing in the UK - Industry Market Research Report

Chipping Away: Industry Revenue is Set to be Constrained in 2022-23 due to High Prices

Demand for wood products is heavily dependent on the level of construction activity. Industry revenue has grown during the five years, due to a surge in timber prices in 2021. Technological advances, new products and new revenue streams also supported industry growth. However, the industry has been challenged by high levels of import competition, as well as competition from substitute products. Revenue is expected to rise at a compound annual rate of 7.3% over the five years through 2022-23, to £2.6 billion. Firms in this industry saw and plane wood in preparation for use in construction, furniture and unassembled flooring manufacturing, heating, power generation, fencing, pallets and as railway sleepers. Kiln drying timber and impregnating wood with preservatives and other chemicals activities are also included in the industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.