UK furniture prices to grow as the war in Ukraine raises the cost of timber

Posted on April 25, 2022 |

The Forest Stewardship Council suspended all trading certificates in Russia and Belarus, which is blocking all sourcing from the two countries, but the knock-on effect has been higher prices as firms race to find alternatives.
The Forest Stewardship Council banned imports out of Russia, which pressured other countries that supply timber and is increasing the price of timber.
UK furniture manufacturing is focused on sofas, chairs, and tables, is worth almost £13bn a year to the economy, however, a wide range of materials including hardwoods such as birch, beech, and oak, along with fabrics, foam, fiber, steel, and MDF increased in price.
High furniture prices are making living costly in the UK and inflation is at 7%, the highest level in three decades, with furniture prices up 17%,
The invasion of Ukraine is showering more pressure on British furniture makers who had been sourcing timber from Russia.

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