Consumption of softwood 2007-08, the 2009 estimate and the 2010 forecast.
Softwood forecast hints at recovery
Published: 28 September, 2009
MALDON: The Timber Trade Federation has released its 2010 Softwood Forecast, which predicts that the UK softwood market will begin to recover in 2010 on an annual basis.
The UK softwood market has declined by around a quarter since the end of 2007, the result of some of the worst market trading conditions in recent memory. However, the TTF is now predicting that the worst may be over with a growth of 4% estimated by the end of 2010.
John White, TTF chief executive, said: "The market for softwood suffered huge losses in volume in 2008. With a further deterioration expected in 2009 on an annual basis, the forecast of growth for 2010 is at least a step in the right direction, although consumption is still likely to be around 25% down on 2007 levels.
"We cannot imply that the market has recovered, but we can at least say things are now moving in the right direction," Mr White added.
The figures, which have been compiled in association with the TTF's National Softwood Division members, were released ahead of the International Softwood Conference in Helsinki on 16-17 October.