The TTF has issued the Statistical Review 2015. According to the publication, over the last two years, forestry, wood and wood products industries have restarted to grow showing that, after five years of low demand and little expansion, recovery has been established.

In particular, growth of timber and panel products in 2014 was generally stronger than in 2013 with overall volume higher by around 10% and improvement of the 7% growth in 2013. A 10% rise in UK timber and panel products consumption takes total consumption in 2014 to nearly 16 million m3.

Europe continues to dominate supply of timber and panel products to the UK, with higher growth than any other supplying region in 2014. All timber and panel products imports were higher by volume in 2014 with, as in 2013, particleboard and OSB imports achieving the highest growth rate, at 24%. On the other hand, UK exports of timber and panel products fell by 3% in 2014, to a total of 576,000 m3.

The provision of timber and panel products ready for use has been valued by the TTF at over £3.3 billion in 2014. When these goods are sold onto the many processing, distribution and manufacturing activites that comprise the Timber Industry Supply Chain, the value added by the wood and wood products industries realise an Industry turnover of around £7.6 billions - the report underlines.

"This Statistical Review shows very positive trends for the Timber Industry in the UK", says David Lennan, TTF Chief Executive. "The growth prospects are substantial and we hope to reflect this trend and wider sector growth in our next review."(TTF)