Oak Day. London, 18 April 2018
Market dynamics and material shortages set to affect Oak wood availability in Europe
(Official Press-Release) Markets for European Oak are facing increased pressure on price and availability. This is the key message delivered at the European Oak Conference held in London on Wednesday 18th April 2018.
The event – organised by the Timber Trade Federation (TTF) in conjunction with the European Organization of the Sawmill Industry (EOS) – featured an extensive agenda of high-profile speakers and expert panellists from top supplying countries such as Croatia, France, Poland and Ukraine. Over 100 attendees joined the Conference raising questions and actively engaging in the debate.
The speakers agreed that a combination of increased demand and market restrictions have been affecting Oak wood prices over the past few years. Significantly, as highlighted by EOS Secretary General Silvia Melegari, exports of logs from the EU to China have soared by 181% in the last 10 years (2016 compared to 2007, source Eurostat). This growing demand is having major impacts on European Oak producers, particularly France.
The availability of European Oak is also affected by log bans in place in supplying countries such as Croatia and Ukraine due to the impact of pests (Croatia) or governmental measures to improve domestic Industry (Ukraine). This shortage of raw materials is causing several sawmills to keep production low, preventing the sector from achieving its full potential.
Silvia Melegari reminded the audience that EOS has been lobbying on this issue and told the audience that “both the EU Parliament and the European Economic and Social Committee have invited Member States to ensure that wood supply from the region's forests is sufficient to satisfy, on a sustainable basis, local industries' needs and society's needs”.
The Conference also featured a panel discussion where attendees had the opportunity to address some key issues and debate them with the speakers. Main topics included: Trade post-Brexit; Oak wood price and availability; Transport bans; Pests control; International co-operation in the sector.
“For its aesthetic and technical qualities, Oak remains a prime product for UK timber importers and traders,” says TTF Managing Director David Hopkins. “However, material shortage and international trade dynamics are likely to drive prices higher in the near future. This may open the market for alternative hardwood species.”
“The TTF - in collaboration with European partner organisations, will be monitoring market trends as well as providing assistance and guidance to members and stakeholders.”
A photo gallery of the conference is available here. EOS Members can also request copy of the presentations contacting the EOS Secretariat.
For any additional information and media material, please contact Ben Antuono, Head of Communications, Timber Trade Federation, 0207 291 5370, email@example.com