Wood pallets see price rise but still inexpensive says Timcon
06 June 2017
Raw materials for wooden packaging and pallets have continued to rise in the first four months of the year, according to the latest Markit and CIPS report.
The independent monthly survey of key UK industry sectors shows pallet timber has risen for nine consecutive months and nails have risen for 11 consecutive months. Softwood in general is marked as ‘in short supply’ and up in price for the sixth consecutive month.
The report shows that pallets increased in price in March and April and reconditioned pallets increased in April. In general, wood products have risen for eight consecutive months, with the cost of material inputs and outputs up 14.6 per cent and 17 per cent respectively on average since 2010.
Stuart Hex, general secretary of the Timber Packaging and Pallet Confederation explains: “This said, wood remains by some distance the most economic material for pallets and packaging.”