World production of furniture was worth about US$ 437 billion in 2013 (in current dollars at producer prices), doubling the value in the last decade. This estimate is drawn from the CSIL World Furniture Outlook 2014 report covering the 70 most important furniture producing countries. CSIL is an international furniture research organisation based in Milan, Italy, which also publishes the online World Furniture journal (www.worldfurnitureonline.com).
Continue reading “World Furniture Production Doubles in Last Decade – ITTO European Market Report 30th June 2014”EU Tropical Wood Imports Static at Last Year’s Level – ITTO European Market Report 15th June 2014
While economic indicators are beginning to turn upwards in the EU and market confidence is rising, these trends are filtering only very slowly into the European tropical hardwood trade. The latest EU trade data indicate imports of tropical hardwood products in the first four months of 2014 were 1.385 million m3 in roundwood equivalent terms, down 1% compared to the same period last year (Chart 1). Although imports of tropical hardwood sawn and veneer have increased this year by 3% and 14% respectively, these gains have been offset by declining imports of tropical hardwood logs (-34%), mouldings and decking (-3%), plywood (-8%) and glulam/window scantlings (-6%).
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