Prices for untreated MGP structural timber products continued to soften in the first three months of 2023, with price movements ranging between -0.4% and -0.2% lower over the March quarter. Price movements for treated outdoor products were mixed, ranging between -1.0% and 0.2%.
Price movements for particleboard and MDF panel products were strongly upwards, ranging between 2.6% and 5.7% higher over the quarter. Plywood product prices moved in the opposite direction, decreasing by -4.1%.
Prices for LVL and I-joist/I-beam products continued to decline from their Covid-19 pandemic-related peak levels, falling between -7.2% and -3.7% 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 ten 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; Sustainable Timber Tasmania; Southern Cross Forests; and ACT Parks and Conservation Service.Further information and the latest Timber Market Survey report is available here.