ITTO Market Reports Archives - Forest Industries Intelligence

30 August, 202320 September, 2023

ETTF Issues EUDR Guidance To All Exporters Of Timber Products To The EU. ITTO European Market Report 30th August 2023

The European Timber Trade Federation (ETTF) has issued the following information on the EU Deforestation Regulation (EUDR) for suppliers exporting timber and timber products to the EU.

The EU Deforestation Regulation (EUDR) entered into force on 29.06.2023. From 30.12.2024, the EUDR will replace the EU Timber Regulation (EUTR). It obliges all importers of timber or timber products in the EU to apply a due diligence system prior to importing. Importers must collect information and documentation to prove that their wood and wood products has been legally harvested and is deforestation-free, prior to placing these products on the EU market. Deforestation-free means that the wood comes from plots of land where no deforestation or forest degradation as defined in the Regulation has occurred since 31.12.2020.

Continue reading “ETTF Issues EUDR Guidance To All Exporters Of Timber Products To The EU. ITTO European Market Report 30th August 2023”

Hardwood Log Supply Under Increasing Strain In Europe. ITTO European Market Report 14th July 2023

Hardwood log availability is now coming under considerable pressure in Europe due to the combined effects of declining forest productivity in the face of climatic disturbances, rising log exports to China, and a wide range of new policy and regulatory measures. This has meant that prices for European hardwoods have remained relatively firm, particularly for oak, even as consumption is declining in the face of the economic slowdown.

Continue reading “Hardwood Log Supply Under Increasing Strain In Europe. ITTO European Market Report 14th July 2023”

UK 2022 Tropical Imports Flat Overall As Weak Second Half Offsets Strong Start To The Year. ITTO European Market Report 14th February 2023

UK Tropical Wood & Wood Furniture 2004 to 2022

The latest data from the UK Office for National Statistics shows that UK GDP increased 4.0% in 2022 after 7.6% growth in 2021, as it recovered from the historic blow from the COVID-19 pandemic. However this “rise” over the last two years must be considered in the light of the UK being amongst countries worst affected by the COVID-19 pandemic which led to a 9.4% fall in GDP in 2020 at a time when there was already uncertainty due to the country’s departure from the EU. The UK economy in December 2022 was still smaller than it was in December 2019. Continue reading “UK 2022 Tropical Imports Flat Overall As Weak Second Half Offsets Strong Start To The Year. ITTO European Market Report 14th February 2023”