European wood product imports from Indonesia better than expected in May and June
EU27 imports of wood and wood furniture from Indonesia, which are dominated by garden furniture, decking and plywood, tend to be strongest in the spring season. The sharp decline in imports from Indonesia in April this year, at a time when trade is usually rising, did not bode well. However, according to the International Tropical Timber Organization (ITTO), trade held up better than expected in May and June, perhaps bolstered by the continuing strength of demand for exterior furniture products and decking.
Overall, EU27 imports of wood and wood furniture from Indonesia in the second quarter of 2020 were 12% below the average for the same period in the previous five years. EU27 imports of these products from Indonesia were US$340 million in the first half of 2020, 16% less than the same period in 2019.
Source: ITTO / Global Wood Trade Network