| 1. |
INTRODUCTION |
6 |
| 2. |
SUMMARY & FUTURE PROSPECTS |
7 |
| 2.1 | SUMMARY |
7 |
| 2.2 | FUTURE PROSPECTS |
8 |
| 3. |
ECONOMIC ENVIRONMENT |
10 |
| 3.1 | GDP |
10 |
| 3.2 | INFLATION & INTEREST RATES |
11 |
| 3.3 | UNEMPLOYMENT |
12 |
| 3.4 | HOUSEHOLD CONSUMPTION |
12 |
| 3.5 | HOUSING & CONSTRUCTION |
13 |
| 3.6 | STERLING |
14 |
| 3.7 | POPULATION PROFILE |
15 |
| 3.8 | CONCLUSIONS |
17 |
| 4. |
THE TIMBER MERCHANTS MARKET |
18 |
| 4.1 | DEFINITION |
18 |
| 4.1.1 | Timber Merchants Market |
18 |
| 4.1.2 | Product Range |
18 |
| 4.2 | MARKET STRUCTURE |
19 |
| 4.2.1 | Products |
19 |
| 4.2.2 | Distribution |
21 |
| 4.3 | MARKET SIZE |
25 |
| 4.3.1 | Market Background |
26 |
| 4.3.2 | Current Situation |
26 |
| 4.3.3 | Future Prospects |
29 |
| 4.4 | KEY MARKET INFLUENCES |
30 |
| 4.4.1 | Construction |
30 |
| 4.4.2 | The Housing Market |
32 |
| 4.4.3 | Raw Material Prices and Availability |
35 |
| 4.4.4 | Environmental Issues |
38 |
| 4.4.5 | Legislation and Policy |
40 |
| 5. |
THE TIMBER MERCHANTS |
42 |
| 5.1 | MERCHANT COMPANIES |
42 |
| 5.2 | MARKET SHARES |
43 |
| 5.2.1 | National Merchants |
45 |
| 5.2.2 | Regional Timber Merchants |
48 |
| 5.3 | MARKET ANALYSIS |
61 |
| 5.4 | CHARACTERISTICS OF TIMBER MERCHANTS |
65 |
| 5.4.1 | Stock Levels |
66 |
| 5.4.2 | Profitability |
67 |
| 5.4.3 | Debtors |
67 |
| 5.4.4 | Turnover per Employee |
68 |
| 5.5 | COMPETITIVE ENVIRONMENT |
69 |
| 5.5.1 | Builders Merchants |
70 |
| 5.5.2 | Importers/Distributors |
72 |
| 5.5.3 | DIY retailers |
73 |
| 5.5.4 | Other |
74 |
| 6 |
PRODUCTS |
75 |
| 6.1 | TIMBER PRODUCTS MARKET DEFINITION AND SIZE |
75 |
| 6.2 | PRODUCT MIX |
76 |
| 6.3 | SAWN AND PLANED TIMBER |
78 |
| 6.3.1 | Market Size |
78 |
| 6.3.2 | Product Mix |
79 |
| 6.3.3 | Hardwood |
79 |
| 6.3.4 | Softwood |
80 |
| 6.4 | WOOD BASED PANELS |
81 |
| 6.4.1 | Market Size |
81 |
| 6.4.2 | Product Mix |
82 |
| 6.4.3 | Manufactured Products |
84 |
| 6.5 | OTHER PRODUCTS |
87 |
| 7. |
TIMBER MERCHANTS' CUSTOMERS |
88 |
| 7.1 | BACKGROUND AND CURRENT DISTRIBUTION |
88 |
| 7.2 | BUILDERS |
89 |
| 7.3 | SELF BUILDERS |
92 |
| 7.4 | MANUFACTURERS |
92 |
| 7.4.1 | Timber Frames |
94 |
| 7.4.2 | Trussed Rafters |
94 |
| 7.4.3 | Joinery |
94 |
| 7.4.4 | Furniture |
96 |
| 7.5 | SHOPFITTERS |
98 |
| 7.6 | OTHERS |
99 |
| TABLES AND CHARTS |
| CHART 1 | TIMBER MERCHANTS MARKET 2002-2012 - £M AT MERCHANTS SELLING PRICES |
7 |
| CHART 2 | INTEREST RATES AND INFLATION (CPI) FROM 1990-2010 |
11 |
| CHART 3 | PDI & SAVINGS RATIO AT CURRENT PRICES 1990-2010 |
12 |
| TABLE 4 | EXCHANGE RATE FLUCTUATIONS 2000-2008 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES |
15 |
| CHART 5 | AGE DISTRIBUTION OF THE RESIDENT UK POPULATION 2001 (‘000) |
16 |
| CHART 6 | LEVELS IN THE TIMBER SUPPLY CHAIN |
21 |
| CHART 7 | DISTRIBUTION STRUCTURE - SAWN AND PLANED TIMBER |
22 |
| CHART 8 | DISTRIBUTION STRUCTURE – SHEET/BOARD MATERIALS AND MANUFACTURED WOOD PRODUCTS |
24 |
| TABLE 9 | UK TIMBER MERCHANTS MARKET 2002-2012 – BY VALUE (£M AT MERCHANTS’ SELLING PRICES) |
25 |
| CHART 10 | VALUE OF TOTAL UK CONSTRUCTION OUTPUT 2002 TO 2006 – BY VALUE (£BN AT CURRENT PRICES) |
30 |
| CHART 11 | UK CONSTRUCTION OUTPUT BY SECTOR, ANNUAL TOTALS, INDEX 2002 = 100 |
31 |
| TABLE 12 | HOUSEBUILDING COMPLETIONS 2001-2006 UNITED KINGDOM ('000 DWELLINGS) |
32 |
| CHART 13 | UK – TIMBER FRAME HOUSEBUILDING - 2002-2007 BY VOLUME (000’S) |
34 |
| CHART 14 | SOFTWOOD SAWLOG PRICE INDICES PER M³ IN THE UK, MAR 2005- SEP 2007, (1996 = 100) |
36 |
| CHART 15 | PRICE INDICES TIMBER, ANNUAL AVERAGES, INDEX 2000 = 100 |
37 |
| CHART 16 | DISTRIBUTION OF MARKET SHARE 2007, BY COMPANY SIZE |
43 |
| TABLE 17 | MAJOR TIMBER MERCHANTS – ESTIMATED MARKET SHARES – UK 2007 |
44 |
| TABLE 18 | DETAILS OF NATIONAL UK TIMBER MERCHANTS |
45 |
| TABLE 19 | DETAILS OF TOP TIMBER SUPPLIERS IN SCOTLAND |
49 |
| TABLE 20 | DETAILS OF TOP TIMBER SUPPLIERS IN NORTH WEST ENGLAND |
51 |
| TABLE 21 | DETAILS OF TOP TIMBER SUPPLIERS IN NORTH EAST ENGLAND |
52 |
| TABLE 22 | DETAILS OF TOP TIMBER SUPPLIERS IN THE MIDLANDS |
54 |
| TABLE 23 | DETAILS OF TOP TIMBER SUPPLIERS IN WALES |
55 |
| TABLE 24 | DETAILS OF TOP TIMBER SUPPLIERS IN SOUTH WEST ENGLAND |
57 |
| TABLE 25 | DETAILS OF TOP TIMBER SUPPLIERS IN THE SOUTH EAST, EAST ANGLIA & LONDON |
58 |
| TABLE 26 | DETAILS OF TOP TIMBER SUPPLIERS IN NORTHERN IRELAND |
60 |
| CHART 27 | TIMBER MERCHANTS SWOT ANALYSIS |
62 |
| TABLE 28 | TIMBER MERCHANTS STOCK IN WEEKS 2004 TO 2006 |
66 |
| TABLE 29 | TIMBER MERCHANTS PROFITABILITY 2004 TO 2006 |
67 |
| TABLE 30 | TIMBER MERCHANTS DEBTOR LEVELS 2004 TO 2006 |
68 |
| TABLE 31 | TIMBER MERCHANTS AVERAGE TURNOVER PER EMPLOYEE 2004 TO 2006 |
68 |
| CHART 32 | TIMBER PRODUCTS MARKET BY DISTRIBUTION CHANNEL 2006 - % BY VALUE |
70 |
| CHART 33 | UK MARKET FOR TIMBER PRODUCTS 2002-2007 – BY VALUE £M AT MERCHANTS SELLING PRICES |
75 |
| CHART 34 | TIMBER MERCHANTS’ SALES BY MAJOR PRODUCT GROUPS 2006 - % BY VALUE |
77 |
| TABLE 35 | UK SAWN/PLANED WOOD – 2002-2007 (£ M AT MERCHANTS’ PRICES) |
78 |
| CHART 36 | PRODUCT MIX SAWN AND PLANED TIMBER 2007 - % BY VALUE |
79 |
| TABLE 37 | UK SHEET/PANEL PRODUCTS 2002 TO 2007 – BY VALUE (£M AT MERCHANTS’ PRICES) |
82 |
| CHART 38 | PRODUCT MIX WOOD PANELS 2007 - % BY VALUE |
83 |
| CHART 39 | UK MANUFACTURED TIMBER PRODUCTS – 2002 TO 2007 (£M AT MERCHANTS SELLING PRICES) |
84 |
| CHART 40 | MANUFACTURED PRODUCTS SALES BY MAJOR PRODUCT GROUPS 2006 - % BY VALUE |
85 |
| CHART 41 | MERCHANTS SALES DISTRIBUTION BY CUSTOMER GROUP 2006 - BY VOLUME M³ |
88 |
| CHART 42 | UK VAT-REGISTERED BUILDERS 2006 |
90 |
| CHART 43 | TOTAL TURNOVER OF UK MANUFACTURE OF WOOD AND WOOD PRODUCTS, 2002-2006 |
93 |
| TABLE 44 | UK REPLACEMENT DOOR & WINDOW MARKET 2002 TO 2007 – BY VALUE (£M RSP) |
95 |
| TABLE 45 | THE UK MARKET FOR DOMESTIC FURNITURE 2004-2007 – BY VALUE (£M MSP) |
96 |
| CHART 46 | UK MARKET MIX OF FURNITURE 2002, 2005 & 2007 - % BY VALUE |
97 |