Data from the UNECE Timber Committee indicates that hardwood production across the European subregion rebounded during 2010 (the UNECE European subregion includes all countries within the continent of Europe plus Turkey but excluding Russia). Following an 18% decline in hardwood saw and veneer log production in the region between 2007 and 2009 to 29.7 million m3, production rebounded by 12% to 33.2 million m3 in 2010 (Chart 1). Significant increases in hardwood log production were recorded in Romania, Germany, Turkey, and Latvia during 2010. 26.2 million m3 (78%) of total European hardwood log production during 2010 was in EU countries.
Continue reading “European Domestic Hardwood Production Rebounds – ITTO European Market Report 31st July 2011”European Market for Tropical Wood Quiet But Stable – ITTO European Market Report 15th July 2011
The European market for tropical hardwood lumber is quiet but relatively stable. Uncertainty about future demand has meant that speculative purchasing is being kept to a minimum. Overall European stocks of lumber of the most popular species such as meranti, bankirai, sapele, sipo, and wawa remain at historically low levels. However with slow consumption this has not led to reports of significant supply problems. Orders are being placed to replace stocks as and when gaps open up.
Continue reading “European Market for Tropical Wood Quiet But Stable – ITTO European Market Report 15th July 2011”