A coalition of timber industry associations is collectively hosting the ‘World of Wood Festival’ from 25 October to 3 December at the Building Centre in London, online, and virtually. The six-week celebration of global timber and global forests coincides with COP26 climate talks being held in Glasgow in the first two weeks of November which brings together heads of state, climate experts and campaigners to agree on coordinated action to tackle climate change.
Designed to inform climate change policy and raise awareness of the mitigation opportunities presented by the forest products sector, the World of Wood Festival will showcase the vital role that forest supply chains have to incentivise sustainable forest management, increase carbon sequestration both in forests and products, and substitute for more carbon-intensive building materials.
Continue reading “Big Push To Inform Climate Change Talks Of Forest Industry Role. ITTO Market Report 31 October 2021”
The latest Eurostat PRODCOM data reveals that the total value of wood furniture production in the EU27 declined 5% to €32.4 billion in 2020. This performance for the year is significantly better than initially anticipated at the start of the pandemic. It is also an improvement on the 8% decline in total EU27 furniture production in 2020 implied by the Eurostat furniture production index published earlier this year. Nevertheless, the decline was a major setback for a sector that has been sliding since 2018. Production value last year was the lowest since 2014 when the EU27 was just emerging from the depths of the Euro Debt Crisis in the aftermath of the 2007-2008 global financial crash (Chart 1).
Continue reading “European Wood Furniture Production Down 5% Last Year. ITTO European Market Report 15th October 2021”