28 | Sector Market Update: TDUK Global Market Conference
SUMMARY
■TDUK held its first AGM on November 24, 2021
■HGV driver shortages are still an issue in the supply chain
■The CPA forecasts UK construction output growth of 4.8% in 2022
■CPA forecasts a 6% private housing output growth in 2022
■Some 12 private equity M&A deals in the UK timber industry were recorded in 2021 (until November)
TDUK KICKS OFF NEW ERA
Timber Development UK (TDUK) held its first AGM and global market conference in November, kicking off a new chapter in timber sector representation with a big vision to communicate timber’s benefits to a wide audience. Stephen Powney was there to bring this report
The effectiveness of timber industry representation efforts has been a talking point over the years due to the myriad of organisations representing the various parts of the trade.
There are so many different voices and fee-paying structures, the argument goes, that it is difficult for the wood industry to unite or compete effectively enough against the large centralised lobbying efforts of competitor industries.
Efforts to increase working together and unity have been a slow burn. Back in 2007 the Norton House Group was formed where heads of the leading 16 timber related organisations started looking at ways for the industry to work together for greater industry benefits.
This was followed by the Accord, signed
Above: David Hopkins explains the vision of Timber Development UK
in 2012 by 13 trade bodies, marking a significant step in the augmentation of timber industry supply chain representation, and then the formation of the Confederation of Timber Industries (CTI) in 2015.
A new era of timber industry representation
kicked off on November 24 when Timber Development UK (TDUK) held its first annual meeting and conference. TDUK brings together the timber supply chain and specification community within the new body that merges the Timber Trade Federation (TTF) and TRADA.
More than 150 members attended the AGM in central London, hearing that TDUK’s TTJ | January/February 2022 |
www.ttjonline.com
mission was to provide “One Supply Chain, One Vision, One Voice”, drawing on more than 1,500 members extending from sawmill to specifier.
TDUK chief executive David Hopkins emphasised that the new organisation would feed information both up and down the supply chain as it truly seeks to represent members from the sawmillers to specifiers, linking timber production to the end user. “The future looks bright for timber as the UK looks to build more sustainable homes and achieve net-zero targets, and the rising number of mergers and acquisitions in the market reflects a growing, and increasingly sophisticated industry,” he said. “Now our own merger between TTF and
TRADA will ensure the timber industry will have a strong, collective voice as we strengthen the role of timber in construction.”
TIMBER MARKETS The global market conference following the AGM was an opportunity for members to hear about market dynamics in the timber sector from Nick Boulton, TDUK head of technical and trade policy, as well as a UK and construction economic summary from Noble Francis – the Construction Products Association’s economics director. Mr Boulton said the first eight months of
2021 had seen a 41% increase in UK softwood imports to 5.5 million m3
(1.7 million m3 above the same period in 2020). Domestically
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77
