Timber & Joinery Market Report 2008

Key Note Publications Ltd, June 2008, Pages: 133

In this Market Report, the UK timber and joinery market is analysed in terms of finished wood products, and timber processing and semi-finished goods. We estimate that, in 2007, the total UK timber and joinery market was worth £15.57bn at current prices, of which the finished wood products sector accounted for 74.7%.

The finished wood products sector includes wooden furniture, builders' carpentry and joinery, wooden containers and other wooden products, such as picture frames, ornaments and marquetry. In the timber processing and semi-finished goods sector, the main activities are the sawmilling/planning of wood, and products such as veneer sheets, plywood, laminboard, particleboard and oriented-strand board (OSB).
The UK construction market is a large and important one for a wide range of timber and wood-based products. Developments are taking place in this market to reduce the cost and time taken for building work, and factory-built units are now being developed to provide rapid on-site assembly. Although this might impact on some traditional carpentry operations, it provides an opportunity for timber and joinery companies to contribute to these developments.

Numerous environmental challenges face the timber and joinery market, with climate change being a priority. Government plans for broad-ranging legislation will have an impact on the timber and joinery market; for example, as a contribution to carbon-emission reduction, the Government wants to see new homes built to zero-carbon standards. Sustainable sources of wood is another key topic and companies operating in the timber and joinery market are expected to be accredited to reputable schemes to demonstrate their responsible chain of custody from forest to consumer. The re-use and recycling of timber is an area receiving detailed attention, and developments are taking place to make use of waste wood, with energy production being an important application here. High energy costs are now a key feature in evaluating the viability of some processes in the industry, notably panel production.

In the future, a major concern is the present turmoil in financial markets, originating in the US sub-prime housing market. This has had a very serious knock-on effect in the UK financial sector, with a widespread credit squeeze making it difficult for home purchasers to obtain mortgages. Despite cuts in the UK interest rate, mortgage rates have generally not been reduced. House prices are currently falling and, if this tightening of funding continues, it could bring about a significant decline in the house building market, with a consequent slackening in demand for timber and joinery. The UK is a major importer of timber and it is essential that steps are taken to secure future supplies from reputable sources. There is now a competitive international market, as large emerging economies consume vast quantities of supplies of a wide range of materials, including timber and joinery.

Executive Summary

1. Market Definition
REPORT COVERAGE
Goods Produced
MARKET SECTORS
Finished Wood Products
Timber Processing and Semi-Finished Goods
MARKET TRENDS
Climate Change and Carbon Emissions
Sustainable Timber Sources
Competition from Other Materials
Energy from Wood and Wood Waste
Growing Imports of Timber and Wood Products
ECONOMIC TRENDS
Population
Table 1: UK Resident Population Estimates by Sex (000), Mid-Years 2003-2007
Gross Domestic Product
Table 2: UK Gross Domestic Product at Current and Annual Chain-Linked Prices (£m), 2003-2007
Inflation
Table 3: UK Rate of Inflation (%), 2003-2007
Unemployment
Table 4: Actual Number of Unemployed Persons in the UK (million), 2003-2007
Household Disposable Income
Table 5: UK Household Disposable Income Per Capita (£), 2003-2007
MARKET POSITION
The UK
Distribution of Forests in the UK
Table 6: Total Area of Forestry Commission/Forestry Service and Non-Forestry Commission/Forestry Service Woodland by Type of Tree in the UK (000 hectares), 2007
Figure 1: Total Area of Woodland in the UK by Country (%), 2007
Timber Deliveries from UK Forests
Table 7: UK Softwood Deliveries (000 green tonnes), 2002-2006
Table 8: UK Hardwood Deliveries (000 green tonnes), 2002-2006
The Construction Market
Table 9: The Construction Industry by Type of Output by all Agencies for Great Britain by Value at Current Prices (£m), 2003-2007
Overseas

2. Market Size
THE TOTAL MARKET
Table 10: The Total Apparent UK Market for Timber and Joinery by Sector by Value at Current Prices (£m at msp), 2003-2007
Figure 2: The Total Apparent UK Market for Timber and Joinery by Sector by Value at Current Prices (£m at msp), 2003-2007
Figure 3: The Total Apparent UK Market for Timber and Joinery by Value at Current Prices (£m at msp), 2003-2007
BY MARKET SECTOR
Finished Wood Products
Wooden Furniture
Table 11: The Apparent UK Market for Wooden Furniture by Value at Current Prices (£m at msp), 2003-2007
Builders' Carpentry and Joinery
Table 12: The Apparent UK Market for Builders' Carpentry and Joinery by Value at Current Prices (£m at msp), 2003-2007
Wooden Containers
Table 13: The Apparent UK Market for Wooden Containers by Value at Current Prices (£m at msp), 2003-2007
Other Wooden Products
Table 14: The Apparent UK Market for Other Wooden Products by Value at Current Prices (£m at msp), 2003-2007
Timber Processing and Semi-Finished Goods
Sawmilling and Planing of Wood
Table 15: The Apparent UK Market for Sawmilling and Planing of Wood by Value at Current Prices (£m at msp), 2003-2007
Semi-Finished Goods
Table 16: The Apparent UK Market for Semi-Finished Goods by Value at Current Prices (£m at msp), 2003-2007
OVERSEAS TRADE
Overview
Table 17: Summary of UK Overseas Trade for Selected Timber and Joinery Products by Value (£m), 2005 and 2006
Finished Wood Products
Wooden Furniture
Table 18: UK Overseas Trade in Wooden Furniture by Subsector by Value (£m), 2005 and 2006
Builders' Carpentry and Joinery
Table 19: UK Overseas Trade in Builders' Carpentry and Joinery by Subsector by Value (£m), 2005 and 2006
Wooden Containers
Table 20: UK Overseas Trade in Wooden Containers by Subsector by Value (£m), 2005 and 2006
Other Wooden Products
Table 21: UK Overseas Trade in Other Wooden Products by Subsector by Value (£m), 2005 and 2006
Timber Processing and Semi-Finished Goods
Timber
Table 22: UK Overseas Trade in Timber by Subsector by Value (£m), 2005 and 2006
Semi-Finished Goods
Table 23: UK Overseas Trade in Semi-Finished Goods by Subsector by Value (£m), 2005 and 2006

3. Industry Background
REPORT HISTORY
NUMBER OF COMPANIES
Finished Wood Products
Table 24: Number of UK VAT-Based Enterprises Engaged in the Manufacture of Finished Wood Products by Subsector by Turnover Sizeband, 2007
Timber Processing and Semi-Finished Goods
Table 25: Number of UK VAT-Based Enterprises Engaged in Timber Processing and the Manufacture of Semi-Finished Goods by Subsector by Turnover Sizeband, 2007
EMPLOYMENT
Finished Wood Products
Table 26: Number of UK VAT-Based Enterprises Engaged in the Manufacture of Finished Wood Products by Subsector by Employment Sizeband, 2007
Timber Processing and Semi-Finished Goods
Table 27: Number of UK VAT-Based Enterprises Engaged in Timber Processing and the Manufacture of Semi-Finished Goods by Subsector by Employment Sizeband, 2007
REGIONAL VARIATIONS IN THE MARKETPLACE
Table 28: Private Contractors in Great Britain by Region (number of firms), 2002-2006
DISTRIBUTION
Table 29: Number of UK VAT-Based Enterprises Engaged as Agents Involved in the Sale of Timber and Building Materials by Turnover Sizeband, 2007
Table 30: Number of UK VAT-Based Enterprises Engaged in the Wholesale of Wood, Construction Materials and Sanitary Equipment by Turnover Sizeband, 2007
HOW ROBUST IS THE MARKET?
LEGISLATION
Building Regulations
Government Timber Procurement Policy
Energy Performance
Code for Sustainable Homes
Health and Safety, and the Environment
KEY TRADE ASSOCIATIONS
British Woodworking Federation
Confederation of Forest Industries
Construction Products Association
Forestry Commission
Forest Stewardship Council
Furniture Industry Research Association
Programme for the Endorsement of Forest Certification Schemes
Scottish Forest Industries Cluster
Timber Decking Association
Timber Research and Development Association
Timber Trade Federation
UK Forest Products Association

4. Competitor Analysis
THE MARKETPLACE
MARKET LEADERS
BSW Timber PLC
Company Structure
Current and Future Developments
Financial Results
Finnforest UK Ltd
Company Structure
Current and Future Developments
Financial Results
Howarth Timber Group Ltd
Company Structure
Current and Future Developments
Financial Results
Howden Joinery Ltd
Company Structure
Current and Future Developments
Financial Results
James Latham PLC
Company Structure
Current and Future Developments
Financial Results
James Jones & Sons Ltd
Company Structure
Current and Future Developments
Financial Results
Jeld-Wen UK Ltd
Company Structure
Current and Future Developments
Financial Results
Jewson Ltd
Company Structure
Current and Future Developments
Financial Results
Kronospan Holdings Ltd
Company Structure
Current and Future Developments
Financial Results
Magnet Ltd
Company Structure
Current and Future Developments
Financial Results
Norbord Ltd
Company Structure
Current and Future Developments
Financial Results
Travis Perkins PLC
Company Structure
Current and Future Developments
Financial Results
Wolseley UK Ltd
Company Structure
Current and Future Developments
Financial Results
Other Companies
International Timber
James Walker Group
MLM Distribution Ltd
Premdor
SCA
Timbmet
OUTSIDE SUPPLIERS
Timber Supply
Wood Preparation and Machining
Environmental, and Health and Safety Equipment

5. Strengths, Weaknesses, Opportunities and Threats
STRENGTHS
WEAKNESSES
OPPORTUNITIES
THREATS

6. Buying Behaviour
CUSTOMER PROFILES
Wood Processing
Timber Processing and Sawmills
Panel and Board Manufacturers
Wood Products
Joinery
Wooden Containers and Packaging
THE CONSTRUCTION INDUSTRY
Table 31: Housebuilding Output by All Agencies for Great Britain by Sector (£m), 2003-2007
Figure 4: Housebuilding Output by All Agencies for Great Britain by Sector (£m), 2003-2007
Table 32: Contractors' Output in Infrastructure by Sector (£m), 2002-2006
Figure 5: Contractors' Output in Infrastructure by Sector (£m), 2002-2006
Table 33: Contractors' Output for New Work in the Public Sector at Current Prices (£m), 2002-2006
Figure 6: Contractors' Output for New Work in the Public Sector at Current Prices (£m), 2002-2006
Table 34: Contractors' Output for the Private Sector at Current Prices (£m), 2002-2006
Figure 7: Contractors' Output for the Private Sector at Current Prices (£m), 2002-2006

7. Current Issues
NEW CONSTRUCTION TECHNIQUES
RE-USE AND RECYCLING
SUSTAINABLE TIMBER SOURCES AND ILLEGAL LOGGING
CHALLENGES FACING EUROPEAN FOREST-BASED INDUSTRIES
RISING ENERGY COSTS
Climate Change
INCREASING IMPORTS
THE UK HOUSING MARKET
CORPORATE ACTIVITY

8. The Global Market
WORLD FOREST AREA
Table 35: World Forest Area by Region (million, 000 hectares, % and hectares), 2005
FOREST PRODUCTS
Industrial Roundwood
Sawnwood
Wood-Based Panels
CONSTRUCTION
THE US
Table 36: The Number of Housing Starts in the US (000), 2000-2007
Figure 8: The Number of Housing Starts in the US (000), 2000-2007
EUROPE
Table 37: Growth in Construction Activity in Europe (%), 2005-2007

9. Forecasts
INTRODUCTION
The Economy
Population
Table 38: Forecast UK Resident Population by Sex (000), Mid-Years 2008-2012
Gross Domestic Product
Table 39: Forecast UK Growth in Gross Domestic Product in Real Terms (%), 2008-2012
Inflation
Table 40: Forecast UK Rate of Inflation (%), 2008-2012
Unemployment
Table 41: Forecast Actual Number of Unemployed Persons in the UK (million), 2008-2012
Forestry Forecasts
Table 42: Forecast UK Softwood Availability by Country (000 cubic metres of overbark standing), 2007/2011-2022/2026
Figure 9: Forecast UK Softwood Availability by Country (%), 2022/2026
The Construction Industry
Table 43: Forecast UK Construction Industry Output at Constant 2000 Prices (£m), 2008-2012
Figure 10: Forecast UK Construction Industry Output at Constant 2000 Prices (£m), 2008-2012
FORECASTS 2008 TO 2012
Table 44: The Forecast Total Apparent UK Market for Timber and Joinery by Sector by Value at Current Prices (£m at msp), 2008-2012
Figure 11: The Forecast Total Apparent UK Market for Timber and Joinery by Sector by Value at Current Prices (£m at msp), 2008-2012
MARKET GROWTH
Figure 12: Growth in the Total Apparent UK Market for Timber and Joinery by Value at Current Prices (£m at msp), 2003-2012
FUTURE TRENDS
Climate Change
New Construction Techniques
Skills Shortages
Future Construction Projects
High Utility Costs
Environmental Impact Assessment

10. Company Profiles
Bsw Timber Plc
Howarth Timber Group Ltd
Howden Joinery Ltd
Jeld-wen Uk Ltd
Kronospan Holdings Ltd
Magnet Ltd
Norbord Ltd

11. Further Sources
Associations
Government Publications
Other Sources
Bisnode Sources

Bsw Timber Plc
Howarth Timber Group Ltd
Howden Joinery Ltd
Jeld-wen Uk Ltd
Kronospan Holdings Ltd
Magnet Ltd
Norbord Ltd

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