Supply Restrictions Drives Sapele Price Rise – ITTO European Market Report 30th August 2013

Overall demand for African sawn hardwood across Europe is slow. However the strong focus of the EU market on sapele, and local shortfalls in supply after a long period of limited buying, is now translating into rising prices for this species. UK inventories of kiln dried sapele are particularly low relative to demand and distributors have been restocking.

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Slow European Demand for Plywood Balanced by Reduced Supply – ITTO European Market Report 15th August 2013

European demand for hardwood plywood is very slow. The UK market is slightly more buoyant than elsewhere on the continent. Importers report that slow European consumption is matched by reduced availability in China due to labour and log supply shortages. Apparent supply shortages are partly the result of European buyers becoming more selective in their choice of plywood suppliers since enforcement of the EU Timber Regulation (EUTR) after March 2013.

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