Covid-19 Puts Europe into Lockdown and Rewrites Economic Forecasts – ITTO European Market Report 31st March 2020

Economic forecasts issued only a few weeks ago in Europe, which projected continuing slow increase this year in GDP and business activity in sectors critical to the timber industry, such as construction and furniture, will need to be completely revised in the face of the Covid-19 outbreak. 

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Second Consecutive Year of Growth in EU Tropical Timber Imports – ITTO European Market Report 15th March 2020

Despite a downturn in the last six months of 2019, EU imports of tropical wood products last year were greater than in 2018. In 2019, the EU28 imported 2.13 million tonnes of tropical wood products (including all those in HS Chapter 44 except fuelwood, wood waste and chips) with a total value of €2.32 billion, respectively 1.5% and 3.2% greater than the previous year. This was the second consecutive year of import growth after a dip in 2017. 

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Recovery in EU Wood Imports Continues in 2019 – ITTO European Market Report 28th February 2020

The total value of EU28 imports of wood products was 20.51 billion euro in 2019, 4% more than in 2018. This followed an increase of 5% to 19.7 billion euro in 2018. In 2019 EU28 import value was at the highest level since 2008 just before the global financial crises (Chart 1).

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FLEGT Licensed Products Biggest Winners in EU Tropical Wood Market – ITTO European Market Report 14th February 2020

An analysis of EU trade data by the FLEGT Independent Market Monitor (IMM), an ITTO project funded by the EU, shows that FLEGT licensed products from Indonesia, particularly wood furniture and doors, were on course to be the biggest winners in the EU tropical timber market last year. 

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“Greta effect” Evident at European Trade Shows in Opening Weeks of 2020 – ITTO European Market Report 31st January 2020

As usual in January, the IMM furniture fair in Cologne and the Domotex flooring show in Hamburg were key events for the European wood trade, providing a signal of market sentiment and an insight into emerging trends. 

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Climate Change Threatens to Tip European Hardwood Market Over the Edge – ITTO European Market Report 14th January 2020

Headline figures for sawn hardwood consumption in Europe show that demand has been flat for the last decade. However, these figures obscure major underlying changes in the European market. 

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European Plywood Market Pressure Persists – ITTO European Market Report 15th December 2019

At the time of the last update on the European plywood market (ITTO TTMR Volume 23 Number 16, 16 -31 August 2019), the sector was experiencing a tightening market and competitive conditions. In the intervening four months, according to leading importers, not a lot has changed.  

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STTC Conference Considers Links Between FLEGT Licenses and Forest Certification – ITTO European Market Report 30th November 2019

To rebuild share in the European market, the tropical wood sector must exploit emerging opportunities from the synergies between the FLEGT VPA process and private sector forest certification initiatives, and to focus relentlessly on communicating simple messages to target audiences of architects, designers and civil engineers on the carbon mitigation and forest conservation benefits of using sustainable tropical timber. 

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Pace of Growth in EU Tropical Timber Imports Slows in the Third Quarter – ITTO European Market Report 15th November 2019

The EU’s trade in tropical wood products was more buoyant in the first nine of months of 2019 than the same period in 2018. However, the rise in imports, which began in the second quarter of 2018, has levelled off since June this year. 

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Brexit Uncertainty Dampens UK Tropical Timber Demand – ITTO European Market Report 31st October 2019

After a reasonable start to the year, UK tropical timber importers report a marked slowdown in business in recent months which they attribute to market nerves surrounding the country’s still unresolved future relationship with the EU.

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