£2.1bn
£XXX.Xm
20,471
4,779
£XXX.Xm
The Forestry and Logging industry's revenue is set to expand at a compound annual rate of 1.1% over the five years through 2023-24. There's been a wave of new forestry companies in the UK as government projects and the growing value of timber support the industry's expansion. The COVID-19 outbreak disrupted downstream demand for forestry and logging services as construction activity temporarily ground to a halt. However, the pandemic meant that domestic companies relied more on domestic logging operations than imports and the strong recovery in construction supported revenue growth.Following the EU referendum, the weak value of the pound has supported exports of logs. While import competition remains high, the Russian invasion of Ukraine means that imports of timber from Russia have halted as part of sanctions. The Forestry and Logging industry's revenue is estimated to rise by 2.5% in 2023-24 to total £2.1 billion, with the average industry profit margin set to be 14.8%.The Forestry and Logging industry's revenue is expected to grow at a compound annual rate of 2.7% to £2.4 billion over the five years through 2028-29, while the industry's profit margin is slated to inch upwards to 14.9%. Growing environmental awareness is expected to benefit forestry companies as new woodland areas are created and maintained in the UK. The need for forestry services is further boosted by the UK's ambitious goal to plant 30,000 hectares of woodlands annually by 2024, although it may fall short of this. Increased emphasis on using wooden products in construction is expected to boost revenue for logging companies.
Industry revenue has grown at a CAGR of 1.1 % over the past five years, to reach an estimated £2.1bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
Tilhill Forestry Ltd | 340.1 | |
Scottish Woodlands Ltd | 110.6 | |
John Gordon & Son Ltd | 26.4 |
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Forestry & Logging in the UK
Industry revenue is measured across several distinct product and services lines, including New plantings, Restocking and Logging. New plantings is the largest segment of the Forestry & Logging in the UK.
Restocking remains an important task
Companies in this industry are involved in a wide range of forestry and logging activities. These include growing standing timber in natural and planted forests; forest timber nursery operations; the logging and production of timber for wood-based manufacturing industries; the gathering of wild-growing, non-wood products, such as mushrooms, truffles, berries and nuts; and forestry support services, such as forestry inventories, management, consultancy, firefighting and pest control.
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SIC 02 - Forestry & Logging in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
New entrants animate the market. Several new companies have emerged in recent years, taking advantage of equipment rental and government funding to cut their start-up costs.
Learn about an industry's products and services, markets and trends in international trade.
Growing environmentalism drives up reforestation activity. Demand for forestry services is on the rise, with government bodies and local authorities seeking to boost forest c...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Scotland's is a forestry haven. The country’s sheer space and concentrated reforestation efforts make it a prime location for logging companies.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Pricing is the key battleground for logging companies. Because manufacturing and construction clients seek the lowest possible costs, companies fight fiercely on price to sec...
Learn about the performance of the top companies in the industry.
Tilhill Forestry leads the market. Hefty investment by Binderholz (its ultimate parent) and key projects like the expansive Project Jerah help the company maintain strong cap...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Forestry companies have to follow the Forestry Act 1967. This mandates logging companies to secure a tree felling licence and replant areas where trees have been felled.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profitability struggles, but it’s on the road to recovery. Rising wages, disrupted supply chains and high fertiliser and fuel costs have dampened returns, but thanks to autom...
Including values and annual change:
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Key data sources in the UK include:
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These sources include:
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The market size of the Forestry & Logging in the UK industry in United Kingdom is £2.1bn in 2024.
There are 4,779 businesses in the Forestry & Logging in the UK industry in United Kingdom, which has grown at a CAGR of 2.9 % between 2018 and 2023.
The market size of the Forestry & Logging in the UK industry in United Kingdom has been growing at a CAGR of 1.1 % between 2018 and 2023.
Over the next five years, the Forestry & Logging in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Forestry & Logging market in United Kingdom are Tilhill Forestry Ltd, Scottish Woodlands Ltd and John Gordon & Son Ltd
New plantings and Restocking are part of the Forestry & Logging in the UK industry.
The company holding the most market share in United Kingdom is Tilhill Forestry Ltd.
The level of competition is moderate and increasing in the Forestry & Logging in the UK industry in United Kingdom.