Latest Australian Timber Market Survey report

Friday 17 Dec 2021

The latest edition of the quarterly Timber Market Survey (TMS) report has been released for the September quarter 2021.

The latest TMS results show another quarter of remarkably strong price increases for untreated structural MGP products. Price movements for MGP10 products ranged between 15.1% and 16.0% higher, while price movements for MGP12 products ranged between 11.3% and 14.2% higher.

Price movements for treated F7 products were higher again and ranged between 17.8% and 19.7%. Prices for treated decking and sleeper products increased by 8.9% and 11.5%, respectively. Price increases were also seen across the plywood and panel products range. Plywood (C/D grade) prices increased by up to 9.5%, while most other panel product prices increased between 3.0% and 5.8%.

The extraordinarily large price increases seen in engineered wood products in the previous (June) quarter continued in the September quarter; price movements for LVL and I-joist/I-beam products ranged between 20.6% and 25.2% higher.

The TMS collects price data through quarterly surveys of a representative sample of timber market participants in eastern Australia. All quarterly TMS reports contain price movement information for softwood timber, panels and engineered wood products. The June and December quarter editions also include price movement information for hardwood timber products surveyed over a six-month period.

The TMS is prepared by Indufor and funded by nine major Australian forestry organisations: Forestry Corporation of NSW; VicForests; Hancock Victorian Plantations; HQPlantations; OneFortyOne Plantations; Queensland Government Department of Agriculture and Fisheries; Green Triangle Forest Products; AKD Softwoods; and Sustainable Timber Tasmania.

Further information and the latest Timber Market Survey report is available here.

Source: Indufor

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