Home:  Global Wood p01.gif (127 bytes)   Industry News & Markets


UK Wood Market News

UK Company News

Personnel cuts at Ducal

Pine furniture manufacturer Ducal is to make 90 of its 300 administration and support staff redundant, reducing employees number to 650. Increased competition from imports, which led to an increasing amount of cheaper priced products, have been blamed for trading losses in 2001.

MFI Optimistic

MFI had a bumper winter sale and believes there will be no slowdown in consumer spending this year. Sales in the year to December 2001 rose by 14.1% to Stg766 mil. and operating profits jumped 69% to Stg34.9 mil.

Silentnight closes plant

Beds and furniture manufacturer, Silentnight, has been forced to lay off 220 employees with the closure of a cabinet-making factory in Keigthley, West Yorkshire. Production is to be moved to a plant in Sunderland. A company spokes-person said it is hoped that the closure will enable the group to cut some costs. Silentnight has said it is on target to report profits in the region of Stg11.5mil. in April 2002.

Public spending good news

According to AMA Research, the contract market was worth Stg659 m in 2001 and it is expected to reach Stg765 mil. by 2005, with an annual growth of 3-4% over the next four years. The growth will be led by increased public spending. Beds and bedroom furniture and upholstery occupy the two largest sectors, followed by other sectors, including the Ministry of defence, prisons and the educational sector.

Ekornes sales

UK based Ekornes, saw UK sales jump 40% last year to Stg41.36 mil., contributing 10.5% to group sales in 2001. The growth was mainly due to the pay-off of investments in marketing with stockist and from the research on product development.

West African Log Prices in UK


plus commission per Cu.m
Sapele 80cm+LM-C Euro 240-265
Iroko 80cm+LM-C Euro 275-300
N'Gollon 70cm+ LM-C Euro 215-230
Ayous 80cm+LM-C Euro 190-200

UK Sawnwood Prices

Reports from the UK talk of a firming of prices for Dark Red Meranti driven by concerns over availability but some say shippers are testing the market with higher prices. However, as analysts point out few buyers are prepared to place orders at the new prices for fear the rise will not be sustained. That said, the view of most importers is that Meranti prices have only got one way to go and that must be up.

FOB plus Commission per Cu.m
Brazilian Mahogany FAS No price
Teak 1st Quality 1"x8"x8' Stg2250-2600
Tulipwood FAS 25mm Stg305
Cedro FAS 25mm Stg430
DR Meranti Sel/Btr 25mm Stg260-280
Keruing Std/Btr 25mm Stg190-215
Sapele FAS 25mm Stg310-325
Iroko FAS 25mm Stg305-320
Khaya FAS 25mm Stg360-380
Utile FAS 25mm Stg370-385
Wawa No1. C&S 25mm Stg200-250

Sapele is in steady demand but volumes have not increased much over recent months while Iroko markets have been affected by reduced demand from the important Irish and Spanish markets. Analysts say there seems to be a trend in Ireland towards Sapele.

With the rain season about to start in W. Africa logging will be affected, as usual, so supplies will be affected.

Plywood and MDF in the UK

CIF per Cu.m
Brazilian WBP BB/CC 6mm US$370
"Mahogany 6mm US$1265
Indonesian WBP 6mm US$340-390

Eire, MDF BS1142 per 10 Sq.m CIF
12mm Stg32.00

For more information on the trends in the UK market please see http://www.ttjonline.com/


CopyRight 2000-2002 Global Wood Trade Network. All rights reserved