| 1. |
INTRODUCTION |
7 |
| 2. |
SUMMARY |
8 |
| 3. |
ECONOMIC ENVIRONMENT |
12 |
| 3.1 | GDP |
12 |
| 3.2 | INFLATION & INTEREST RATES |
13 |
| 3.3 | UNEMPLOYMENT |
14 |
| 3.4 | HOUSEHOLD CONSUMPTION |
15 |
| 3.5 | HOUSING & CONSTRUCTION |
16 |
| 3.6 | STERLING |
17 |
| 3.7 | POPULATION PROFILE |
17 |
| 3.8 | CONCLUSION |
19 |
| 4. |
THE TIMBER MERCHANTS MARKET |
20 |
| 4.1 | DEFINITION |
20 |
| 4.1.1 | Timber Merchants Market |
20 |
| 4.1.2 | Product Range |
20 |
| 4.2 | MARKET STRUCTURE |
21 |
| 4.2.1 | Products |
21 |
| 4.2.2 | Distribution |
25 |
| 4.3 | MARKET SIZE |
30 |
| 4.3.1 | Market Background |
32 |
| 4.3.2 | Current Situation |
33 |
| 4.3.3 | Future Prospects |
34 |
| 4.4 | PRODUCT MIX |
35 |
| 4.5 | KEY MARKET INFLUENCES |
37 |
| 4.5.1 | The Housing Market |
37 |
| 4.5.2 | Construction |
42 |
| 4.5.3 | Raw Material Prices and Availability |
44 |
| 4.5.4 | Legislation & Standards |
47 |
| 4.5.5 | Wood Promotion Initiatives |
51 |
| 5. |
THE TIMBER MERCHANTS |
52 |
| 5.1 | CHARACTERISTICS OF TIMBER MERCHANTS |
52 |
| 5.2 | MARKET SHARES |
53 |
| 5.3 | MERCHANT COMPANIES |
55 |
| 5.4 | STRENGTHS AND WEAKNESSES |
63 |
| 5.5 | COMPETITIVE ENVIRONMENT |
65 |
| 5.5.1 | Builders Merchants |
67 |
| 5.5.2 | Importers/Distributors |
72 |
| 5.5.3 | DIY retailers |
75 |
| 5.5.4 | Other |
76 |
| 6. |
PRODUCTS |
77 |
| 6.1 | TIMBER AND WOOD PRODUCTS |
77 |
| 6.1.1 | Sawn and Planed Timber |
81 |
| 6.1.2 | Sheet/Board Material |
84 |
| 6.1.3 | Manufactured Products |
88 |
| 6.2 | OTHER PRODUCTS |
92 |
| 7. |
TIMBER MERCHANTS' CUSTOMERS |
93 |
| 7.1 | BACKGROUND & CURRENT DISTRIBUTION |
93 |
| 7.2 | BUILDERS |
94 |
| 7.3 | SELF BUILDERS |
97 |
| 7.4 | MANUFACTURERS |
98 |
| 7.4.1 | Timber Frames |
99 |
| 7.4.2 | Trussed Rafters |
100 |
| 7.4.3 | Joinery |
100 |
| 7.4.4 | Furniture |
102 |
| 7.5 | SHOPFITTERS |
105 |
| 7.6 | OTHER |
106 |
| 8. |
FUTURE PROSPECTS |
107 |
|
TABLES & CHARTS
|
| CHART 1 | TIMBER MERCHANTS MARKET 1997-2004 - £ MILLION AT MERCHANTS SELLING PRICES |
8 |
| CHART 2 | INTEREST RATES AND INFLATION (CPI) FROM 1990-2006 |
13 |
| CHART 3 | NUMBER OF EMPLOYEES IN EMPLOYMENT GB - 1990-2004 (MILLIONS) |
14 |
| CHART 4 | PDI & SAVINGS RATIO AT CURRENT PRICES 1990-2006 |
15 |
| TABLE 5 | EXCHANGE RATE FLUCTUATIONS 1997-2005 - THE POUND STERLING TO THE DOLLAR AND THE ECU, SPOT RATES |
17 |
| CHART 6 | AGE DISTRIBUTION OF THE RESIDENT UK POPULATION 2001 (‘000) |
18 |
| CHART 7 | LEVELS IN THE TIMBER SUPPLY CHAIN |
25 |
| CHART 8 | DISTRIBUTION STRUCTURE - SAWN AND PLANED TIMBER |
27 |
| CHART 9 | DISTRIBUTION STRUCTURE - SHEET/BOARD MATERIALS AND MANUFACTURED WOOD PRODUCTS |
29 |
| TABLE 10 | UK TIMBER MERCHANTS MARKET 1997-2008 – BY VALUE (£ MILLION AT MERCHANT SELLING PRICES) |
31 |
| CHART 11 | TIMBER MERCHANTS PRODUCT MIX 2004 BY VALUE |
36 |
| TABLE 12 | HOUSEBUILDING COMPLETIONS 1997-2007 GREAT BRITAIN ('000 DWELLINGS) |
37 |
| TABLE 13 | HOUSING STARTS 1997-2006 GREAT BRITAIN (‘000) |
38 |
| TABLE 14 | VALUE OF NEW UK HOUSING AND RMI OUTPUT (£ MILLION) |
39 |
| CHART 15 | UK – TIMBER FRAME HOUSEBUILDING - 1998-2007 BY VOLUME |
41 |
| TABLE 16 | NUMBER OF PROPERTY TRANSACTIONS IN ENGLAND AND WALES 1997-2004 |
42 |
| TABLE 17 | CONTRACTORS OUTPUT - NEW WORK AND RMI NON HOUSING – CURRENT PRICES (£ MILLION) 1997-2004 |
43 |
| CHART 18 | PRICE INDICES TIMBER, ANNUAL AVERAGES, INDEX 2000 = 100 |
45 |
| TABLE 19 | SOFTWOOD SAWLOG PRICE INDEX FOR GREAT BRITAIN 1996 – 2004 (PER M3) |
46 |
| TABLE 20 | TOP UK TIMBER MERCHANTS BY EST. NUMBER OF BRANCHES 2004 |
54 |
| CHART 21 | MARKET SHARE DISTRIBUTION 2004, BY COMPANY SIZE |
55 |
| CHART 22 | TIMBER MERCHANTS SWOT |
63 |
| CHART 23 | TIMBER PRODUCTS MARKET BY DISTRIBUTION CHANNEL BY VALUE 2003 |
67 |
| CHART 24 | MERCHANTS SALES OF TIMBER AND WOOD PRODUCTS 1997-2008 |
68 |
| TABLE 25 | UK TIMBER PRODUCTS – 1997 TO 2004 (£ MILLION AT MERCHANT SELLING PRICES) |
78 |
| CHART 26 | TIMBER SALES BY MAJOR PRODUCT GROUPS 2004 BY VALUE |
80 |
| TABLE 27 | UK SAWN/PLANED WOOD – 1997-2004 (£ MILLION AT DISTRIBUTORS PRICES) |
81 |
| CHART 28 | PRODUCT MIX SAWN AND PLANED TIMBER BY VALUE 2004 |
82 |
| TABLE 29 | UK SAWN/PLANED SOFTWOOD TIMBER PRODUCTS SOLD BY MERCHANTS BY USE % |
84 |
| TABLE 30 | UK SHEET/PANEL PRODUCTS – 1997 TO 2004 (£ MILLION AT DISTRIBUTORS PRICES) |
85 |
| CHART 31 | PRODUCT MIX WOOD PANELS BY VALUE 2004 |
87 |
| TABLE 32 | UK MANUFACTURED TIMBER PRODUCTS – 1997 TO 2004 (£ MILLION AT DISTRIBUTORS PRICES) |
89 |
| CHART 33 | MANUFACTURED PRODUCTS SALES BY MAJOR PRODUCT GROUPS 2003 BY VALUE |
90 |
| CHART 34 | MERCHANTS SALES DISTRIBUTION BY CUSTOMER GROUP, BY VOLUME |
93 |
| CHART 35 | UK VAT-REGISTERED BUILDERS 2003 |
95 |
| TABLE 36 | LEVEL OF UK MANUFACTURING OUTPUT 1999-2004 (2001 = 100) |
99 |
| TABLE 37 | VOLUME OF WINDOWS & DOORS IN NEW HOUSING 1997-2004 |
101 |
| CHART 38 | THE UK MARKET FOR DOMESTIC FURNITURE 1995 - 2002 |
103 |
| CHART 39 | PRODUCT MIX DOMESTIC FURNITURE MARKET 2002 – BY VALUE |
104 |