World production of furniture has grown constantly over the last five years. The CSIL Word Furniture Outlook currently estimates its worth at about US$480 billion, up from US$437 billion in 2013. Production in Europe and North America stagnated between 2009 and 2014. High-income countries accounted for 39% of production in 2014 and middle and low-income countries for 61%. The share of middle and low-income countries in world production first exceeded 50% in 2010 and has risen steadily since.
Continue reading “Furniture Production Growing Primarily in Asia – ITTO European Market Report 30th June 2015”EU Tropical Veneer Imports Down 6% – ITTO European Market Report 15th June 2015
EU imports of tropical hardwood veneer were 63,550 m3 in the first quarter of 2015, 6% down on the same period in 2014. Imports from Gabon, the largest supplier, were 10% up at 34,744 m3. This gain failed to offset falling imports from Côte d’Ivoire (-20% to 15,189 m3), Cameroon (-16% to 4,085 m3), and the Republic of Congo (-42% to 2938 m3) (Chart 1).
Continue reading “EU Tropical Veneer Imports Down 6% – ITTO European Market Report 15th June 2015”