ITTO Archives - Page 3 of 29 - Forest Industries Intelligence

30 November, 20219 July, 2022

EU Publishes Far-Reaching “Deforestation-Free” Regulatory Proposal. ITTO Market Report 30th November 2021

On 17 November 2021, the European Commission announced a Proposal for a new Regulation to reduce global deforestation and forest degradation driven by EU consumption of certain commodities. If enacted the law would have a profound effect on EU trade in the regulated wood and agricultural commodities. It would represent a very significant extension of state intervention in European commodities trade even compared to the existing controls imposed through the EUTR.

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15 November, 202115 March, 2022

EU27 Tropical Wood Imports Still High But Beginning To Slow. ITTO Market Report 15th November 2021.

After reaching the highest level for nearly a decade in the first half of this year, the US$ value of EU27 imports of wood and wood furniture products from tropical countries declined sharply in July and August. However, import value during the summer months was still higher than is usual at that time of year (Chart 1).

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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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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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15 March, 202129 March, 2021

Sharp Fall in UK Tropical Wood Imports in 2020 Likely to Be Short-Lived. ITTO European Market Report 15th March 2021

Total UK tropical wood and wood furniture imports in 2020 were USD981 million, 23% less than the previous year (Chart 1a). It is no surprise that imports fell so precipitously, the UK being amongst the world’s worst affected countries by the COVID-19 pandemic last year at a time when there was already uncertainty due to the country’s departure from the EU. However, UK imports from tropical countries did suffer a larger decline in the UK market than products from other regions, largely due to supply side problems, particularly lack of and rising costs of freight space from South East Asia during the year. But underlying demand is strong in the UK and new opportunities may well open up for tropical suppliers in the UK over the long term.

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15 February, 202119 February, 2021

Unexpected Rise in EU27 Tropical Timber Imports in November. ITTO European Market Report 15th February 2021

Total EU27 (i.e. excluding the UK) import value of tropical wood and wood furniture products was US$2.75 billion between January and November last year, 10% less than the same period in 2019. This is a significantly higher level of import than forecast earlier in the year when the first waves of the COVID-19 pandemic hit the continent. Total import value in November was US$263 million, a 4% gain on the previous month and 6% more than the same month in 2019 (Chart 1).

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30 November, 20202 December, 2020

TTJ Reports UK Hardwood Sales Improving. ITTO European Market Report 30th November 2020

The UK hardwood trade may not be back to normal, and there is continuing anxiety about the effect of a second COVID-19 wave, but the sector has seen sales improving since May. This is according to the latest November/December 2020 hardwood market report in the UK Timber Trades Journal (TTJ – www.ttjonline.com ).

“In April we were at 40% of normal turnover, but we hit 60% in May, 80% in June and July was a good month, not on budget, but ahead of last year,” said a UK importer-distributor. “It’s not business as usual yet, but we’re in a better place than anticipated four months ago.”

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15 November, 202017 November, 2020

Rebound in UK Imports Continued in September but Prospects Less Certain. ITTO European Market Report 15th November 2020

UK imports of tropical wood and wood furniture products continued to rebound in September, with total value rising to USD97.6 million, 30% more than the previous month and the same level as in September 2019 (Chart 1). UK imports strengthened significantly in the third quarter, in line with the recovery in the broader economy and in construction activity and the housing market as lockdown measures eased during the period.

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31 October, 202017 November, 2020

EU27 Tropical Timber Imports Stronger Than Expected So Far In 2020. ITTO European Market Report 31st October 2020

EU27 tropical timber imports are stronger than expected so far in 2020. The total EU27 (i.e. excluding the UK) import value of tropical wood and wood furniture products was US$1.98 billion between January and August this year, 14% less than in 2019. This is a significantly higher level of import than forecast earlier in the year with the “Great Lockdown” having a severe impact on the wider EU27 economy and on the supply side in tropical countries. The fact that EU27 trade in tropical wood timber products was cooling even before the onset of the COVID-19 pandemic makes this performance more remarkable.

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15 October, 202017 November, 2020

UK Tropical Timber Trade Rebounds Strongly in July and August. ITTO European Market Report 15th October 2020

After a sharp fall in UK imports of tropical timber products in May and June in response to the COVID-19 pandemic, imports rebounded strongly in July and made more gains in August. However, even in August, total imports were still down around 15% compared to the same month the previous year (Chart 1).

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