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Image: AmazonAs purchases of home decorations and compact furniture on e-commerce platforms such as Amazon and Alibaba increase, opportunities are opening up for Vietnamese businesses to sell made-in Vietnam products.According to Amazon statistics, home decoration and furniture items have experienced outstanding growth in the 2020-2022 period. Even after returning...
Image: Joshua Williams/UnsplashThe European Commission (EC) has opened an investigation into the suspected circumvention of anti-dumping duties for birch plywood products produced in Russia that have entered the EU market.The main objective of the investigation is to identify the companies involved in the potential infringements, as Latvia-based birch plywood...
Imported logs in Suifenhe, China (Image: CTWPDA via ITTO)According to the International Tropical Timber Organization (ITTO), China’s timber market grew in July 2023 with the country’s Global Timber Index (GTI) registering 53%, the second time since April it has exceeded the 50% threshold, indicating growth in the sector.As...
US hardwood shipment to India rose 76% in volume in H1 2023 compared to H1 2022According to the American Hardwood Export Council, India has emerged as the biggest growth market for US hardwood lumber in H1 2023, with the total shipped to the market rising by 76% in volume...
Image: Julian Hochgesang/UnsplashThe volatility and unpredictability in global markets challenged for many industries including woodworking but offered opportunities to diversify, according to experts.The Department of Forestry reported that forestry product exports amounted to an estimated US$6.42bn in the first six months of the year, a 29% year-on-year decrease with...
Image: AcimallThe quarterly survey by the Studies office of Acimall, the association of Italian woodworking and furniture technology manufacturers, reported that the sales performance of woodworking technologies has returned to "a normal situation after a period of exponential growth of orders and turnover".In the April-June period this year, orders...
Plywood imported from Vietnam into US cannot contain inputs from ChinaThe US Department of Commerce has issued its final determination that hardwood plywood exported from Vietnam using hardwood plywood inputs sourced from China is considered a product of China, according to Woodworking Network.This means that the plywood is subject to...
Image: Gene Gallin/UnsplashIt has been more than a year since Europe completely banned the import of Russian timber, plywood and other products.During this year, the output and sales of wood and wood products in Russia have declined, and the output of plywood has become the lowest point in...
US housing market began to cool, following the increase in interest rate (Image: Kae Ng/Unsplash)Hong Leong Investment Bank (HLIB) Research has reported that the outlook for the Malaysian furniture market remains bleak as the sector's largest export destination, the US, continues to experience housing issues.According to the research firm,...
Image: Chris/UnsplashAs late as 2019, China imported almost 100 million m3 roundwood equivalents of softwood logs and lumber to meet the growing demand for forest products in the domestic market.Since then, wood consumption has declined, and the importation of forest products has decreased to levels not seen in...
