Prices for untreated MGP structural timber products stabilised in the June quarter 2022, with price movements ranging between no change and 0.6% higher. Prices for treated outdoor products showed stronger increases, ranging between 1.7% and 2.8% higher.
Prices for most panel products showed moderate increases of up to 1.4%, while price movements for particleboard products were notably stronger, ranging between 4.1% and 5.8% higher over the quarter. The June quarter marked another period of exceptionally strong price growth for engineered wood products, with price increases for LVL and I joist/I-beam products ranging between 11.3% and 17.9%.
Hardwood timber products – Six monthly
Price movements for kiln dried structural hardwood products ranged between 3.3% and 8.3% higher over the six months to the end of June 2022. Price movements for green sawn products were mixed, with F11 timber prices in NSW remaining stable and F8 timber prices in Victoria increasing by 3.5%.
Prices for hardwood flooring products increased sharply over the six months to the end of June. Tasmanian oak and Blackbutt flooring prices increased between 7.6% and 14.5%, while price movements for Victorian ash and Spotted gum flooring ranged between 6.4% and 8.8% higher.
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; Southern Cross Forests; and Sustainable Timber Tasmania.Further information and the latest Timber Market Survey report is available here