{"id":87795,"date":"2024-07-03T07:18:53","date_gmt":"2024-07-03T07:18:53","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/uk-plywood-market-mood-improves\/"},"modified":"2025-09-19T09:02:21","modified_gmt":"2025-09-19T09:02:21","slug":"uk-plywood-market-mood-improves","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/uk-plywood-market-mood-improves\/","title":{"rendered":"UK plywood market mood improves"},"content":{"rendered":"

UK plywood importers and distributors are becoming more positive about prospects. Although, some suggest market sentiment is buoyed more by firming prices than a marked increase in demand.<\/span><\/p>\n

Businesses report that trade remained at a reasonable level since Q4 last year. Total UK imports of plywood in the first quarter of 2024 were 359,000 cu.m, 1% more than the same period in 2023. Imports of tropical plywood were down 12% to 45,500 cu.m, with a decline from China (- 25% to 17,700 cu.m) and Indonesia (-11% to 11,000 cu.m) being partly offset by a rise from Malaysia (+12% to 9,700 cu.m) and Brazil (+26% to 2,300 cu.m).<\/p>\n

The decline in UK imports of tropical plywood in the first quarter was offset by a 24% rise in imports of temperate hardwood plywood to 198,000 cu.m. Imports of temperate hardwood plywood from China increased 32% to 168,700cu.m during the period.<\/p>\n

UK imports of softwood plywood were 115,500 cu.m in the first quarter of 2024, 20% down on the same period in 2023. Imports of softwood plywood were down from all the main supply countries including the EU, Brazil, China and Chile.<\/p>\n

Freight rates and Suez crisis impact trade<\/strong><\/p>\n

UK plywood importers report that prices generally have been moving up this year. The price of elliottis pine had increased due to log shortages and stronger demand in the US. The cost of plywood from Southeast Asia, meanwhile was being pushed up particularly by the fact that shipping was having to divert around the Cape due to the attacks by the Houthi movement on vessels in the Red Sea. So, a journey from Shanghai to Rotterdam of 10,500 miles via the Suez Canal taking 29 days, had become a journey of 13,800 miles, taking 38 days.<\/p>\n

This, said importers, meant that customers were having to think, and order, further ahead. It also underpinned freight rate increases. Having fallen from the heights reached during the pandemic to around US$2,000 for a 40ft container from Southeast Asia to European ports, they were reported back up to around US$5,000 to US$6,000.<\/p>\n

One importer at the Carrefour International du Bois in May said they were being asked for as much as US$8,000.<\/p>\n

Demand for birch plywood recedes after ban on Russian<\/strong><\/p>\n

One UK importer said that the market for birch plywood had \u2018well and truly receded\u2019 since the UK and EU imposed embargoes on trade with Russia due to its invasion of Ukraine. However, the UK import data indicates that the decline in imports of birch plywood from Russia has been offset by rising imports from China.<\/p>\n

There is still believed to be Russian plywood accessing the EU and UK markets via third country intermediaries, including in those countries with no previous record of supplying significant, if any quantities of birch plywood. Consequently, in March the EU imposed duty on imports from Turkey and Kazakhstan.<\/p>\n

Some in the UK trade maintain that Russian raw material is finding its way into western markets in Chinese made plywood. One importer said that they had put products through species and geolocation tests at traceability specialist Agroisolab, and it had been proven to originate from southern China.<\/p>\n

A significant factor impacting UK plywood demand in the first few months of 2024 was poor weather, which was hampering work on building sites.<\/p>\n

Some sources say that the national housebuilders and developers were also holding back on projects until UK interest rates come down, as projected, later in the year. One said that housebuilders were effectively building to order, not speculatively.<\/p>\n

While the European Central Bank cut interest rates to 3.75% in June, its first reduction in five years, the Bank of England Monetary Policy Committee voted to keep UK rates at 5.25% and a cut is not expected until September.<\/p>\n

One timber business also said that they were recommending customers buy European and UK-made OSB rather than hardwood plywood. They said that the quality of Chinese plywood on the UK market had become more variable in recent years, partly as fewer buyers were getting on the ground in China and visiting suppliers to evaluate quality management.<\/p>\n

It was also said that some intermediary export agencies were masquerading as mills, then allocating orders to actual Chinese mills of their choice, so importers had no way of checking the quality performance of the supplier. OSB has largely taken share from softwood plywood in the UK market, with the material at the time of publication in May being 25% cheaper than elliottis plywood.<\/p>","protected":false},"excerpt":{"rendered":"

UK plywood importers and distributors are becoming more positive about prospects. Although, some suggest market sentiment is buoyed more by firming prices than a marked increase in demand. Businesses report that trade remained at a reasonable level since Q4 last … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":83898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-87795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nUK plywood market mood improves - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/uk-plywood-market-mood-improves\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK plywood market mood improves - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"UK plywood importers and distributors are becoming more positive about prospects. 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