The Timber Trade Federation has recently released its 2010 Softwood Forecast. The Softwood Forecast predicts that the UK softwood market will begin to recover in 2010 on an annual basis. The softwood market has declined by around a quarter since the end of 2007 which is the result of some of the harshest trading conditions in recent memory. However, the Timber Trade Federation is now predicting that the worst may be over with a growth of 4% estimated by the end of 2010.
The Chief Executive of the Timber Trade Federation Mr John White said: “The market for softwood suffered huge losses in volume in 2008. With a further deterioration expected in 2009 on an annual basis, the forecast of growth for 2010 is at least a step in the right direction, although consumption is still likely to be around 25% down on 2007 levels. Whilst we cannot conceivably imply that the market has recovered, we can at least say things are now moving in the right direction.”
Here at Greengates Builders Merchants Accrington, Lancashire we feel hopeful that we are finally recovering and reaching the end of the recession. The recession has hit everyone hard and businesses have suffered from some of the harshest trading conditions in recent history. However with forecasts such as these we hope that we are finally seeing the end of these hard times and moving towards a more positive future. Even if recovery is slow at least it is a step in the right direction.