Prices for untreated MGP structural timber products continued to increase in the first three months of 2022, with price movements ranging between 4.0% and 4.5% higher over the March quarter’s was the case in the previous quarter (December 2021), upward price movements for treated outdoor products were higher again, ranging between 4.6% and 5.3%.
Strong upward price movements were also seen for most panel products, with plywood and MDF prices ranging between 3.7% and 7.5% higher. Upward price movements for particleboard products were more moderate in comparison, ranging between 1.4% and 2.3% higher. The pandemic-related surge in engineered wood product prices continued, with price movements for LVL and I joist/I-beam products ranging between 5.1% and 8.2% higher over the March quarter.
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; Sustainable Timber Tasmania; and Southern Cross Forests.
Further information and the latest Timber Market Survey report is available here.
Source: Indufor Group
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