Forest Industries Intelligence

30 October, 202114 March, 2022

Big Push To Inform Climate Change Talks Of Forest Industry Role. ITTO Market Report 31 October 2021

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.

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15 October, 202111 March, 2022

European Wood Furniture Production Down 5% Last Year. ITTO European Market Report 15th 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).

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30 September, 202116 February, 2022

Imports Of Tropical Wood Rebound In The UK But Lose Share In A Rising Market

The UK imported tropical wood and wood furniture products with a total value of USD760 million in the first seven months of 2021, a 36% increase compared to the same period in 2020. Following the sharp increase in April, when import value was at the highest monthly level since before the financial crises of 2008-2009, imports declined only slightly from this peak between May and July (Chart 1).

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15 September, 202116 February, 2022

Hardwood Trade In Europe Profiting Under Pressure

It’s been six months plus of extremes and superlatives in the European sawn hardwood sector.

Importers, distributors and merchants say the trading environment has been like nothing they’ve experienced during decades in the business. Demand has climbed across key markets. Freight rates have reached unprecedented levels. Supply has become exceptionally tight and lead times have stretched from sources globally. Prices have consequently hit the heights, while margins are variously described as good to extremely so.

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31 August, 202115 March, 2022

Trade In Tropical Hardwood Logs At Lowest Level Ever Recorded As Tropical Forest Sector Hit Hard By COVID. ITTO Market Report 31 August 2021

Yokohama, 30 August 2021: Tropical log production declined by 3% in 2020 due largely to the COVID-19 pandemic, and imports plummeted by 11%, according to ITTO’s Biennial Review and Assessment of the World Timber Situation 2019–2020, which was released today. The flagship report provides data on the production and trade of primary and secondary processed wood products in 73 countries worldwide.

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30 July, 20215 August, 2021

Plywood Market Lucrative, but Challenging. ITTO European Market Report 30th July 2021

At the time of writing, the 63200-tonne dwt Konya was unloading its cargo of plywood and other wood products at the UK port of Tilbury. It was the first timber breakbulk vessel out of Port Klang, Malaysia to London in years and a sign of the times.

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15 July, 20215 August, 2021

Some Encouraging Signs for European Furniture Sector. ITTO European Market Report 15th July 2021

The global significance of the European furniture sector, and some positive signs for the sector after the turmoil caused by the COVID pandemic, are highlighted in recent reports in World Furniture, the trade journal of CSIL, the Milan-based furniture market research organisation (www.worldfurnitureonline.com).

In the editorial to the most recent edition (June 2021) of World Furniture, Paola Govoni notes that “the disruptive consequences of the last 18 months are there for all to see. A lot has changed on every level and some of these developments could be here to stay. At the time of writing there are encouraging signals in Italy and most of Europe showing that the summer could be the beginning of an exit-phase from the pandemic. Major international economies have entered a recovery path and the strengthening of the increasing trend resulted in an upward revision of growth forecasts in many countries”.

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30 June, 20217 July, 2021

UK Tropical Wood Import Value in April at Highest Level Since 2008-09 Financial Crises. ITTO European Market Report 30th June 2021

The UK imported tropical wood and wood furniture products with a total value of USD419 million in the first four months of 2021, an 18% increase compared to the same period in 2020. There was a particularly sharp increase in April when imports were USD129 million, the highest monthly import value recorded since before the financial crises of 2008-2009.

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15 June, 202125 June, 2021

Survey Highlights Benefits of FLEGT Licensing to European Market Prospects. ITTO European Market Report 15th June 2021

A survey of over 130 companies in the EU+UK, including a significant proportion of the region’s largest importers of tropical timber products, highlights that FLEGT licensing has helped boost market prospects for Indonesian products. It also shows that implementation of the EU Timber Regulation (EUTR) and associated rising dependence on certified products has led to a narrowing in the range of tropical companies supplying the region overall.

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31 May, 202115 March, 2022

EU27 Tropical Wood Product Imports Close to Decade High in March. ITTO European Market Report 31st May 2021

EU27 import value of tropical wood and wood furniture products was US$861 million in the first three months of this year, 6% more than the same period in 2020. After a slow start to the year in January and February, imports surged to US$327 million in March, only the second time since 2012 that monthly imports have exceeded US$325 million (the only other occurrence being in April 2019) (Chart 1).

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