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Market Report

Total value of American hardwood lumber and veneer exported to India reached US$2.87m in Q1 2024, according to international trade association American Hardwood Export Council (AHEC).Roderick Wiles, regional director, AHECTotal hardwood lumber shipped from the US to India declined by 18%, down from $2.89m to $2.37m, and dropped by...
Image: Petanibalsa/Siaran IndonesiaThe Ministry of Industry has allocated IDR7.5bn for a programme to assist in the upgrading of machinery and equipment in the wood and furniture processing industries.The Ministry of Industry aims to assist at least 10 companies needing production equipment upgrading. Putu Juli Ardika, Director General of Agro-Industry...
Production of a board in a factory in Mexico (Image: CONAFOR/ITTO)The Global Timber Index (GTI), which tracks the performance of the timber sector in seven pilot countries, has launched its first specialised index on wood-based panels, thereby increasing the scope and depth of the GTI and preparing the ground...
Image: Gayatri Malhotra/UnsplashAccording to the International Tropical Timber Organization (ITTO), India is seeing a construction boom, and India's Union Minister for Housing and Urban Affairs Hardeep Singh Puri has suggested that in 2025 the country is set to become the third-largest construction market globally, after China and the US.The...
Palm treesRaw material shortages present a significant obstacle for the country's timber industry, particularly the downstream sector, according to the chairman of the Malaysian Panel Products Manufacturers' Association (MPMA), Sheikh Othman Rahman.He added that Malaysia has the potential to produce high-value wood products but efforts are needed to...
Image: BICA new report by the Belarusian Investigative Center (BIC), in collaboration with Poland's Gazeta Wyborcza and Radio Liberty Ukraine's project Skhemy. has uncovered Belarusian timber allegedly circumventing the EU sanctions, and entering the region as Central Asia products.BIC's report mentioned that Belarusian exports in 2023 reached an all-high...
The origin of wood raw material are strict when importing into the US or EUAccording to data from the Vietnam's Ministry of Agriculture and Rural Development, Department of Forestry, in the first two months of 2024, the export value of wood and forest products is estimated to have reached...
Laminate flooring sales suffers in 2023After a challenging year in 2022, the laminate industry's sales continue to be impacted by the construction sector's downward trend into 2023, according to the European Producers of Laminate Flooring Association (EPLF).Despite facing a general decline due to inflation, rising material costs, and...
AHEC at IndiaWood 2024 (Image: AHEC)The total value of exports of US hardwood lumber and veneers to India in 2023 was US$8.482m, according to the American Hardwood Export Council (AHEC).The statistics, which have been compiled from the latest data released by the US Department of Agriculture (USDA), were...
Image: Evaldas Grizas/UnsplashVietnam has targeted earning US$16bn from the export of wood and wood products this year given the prospects in certain markets, according the Ministry of Agriculture and Rural Development (MARD).Vietnam’s key markets include China, the US, Japan, South Korea, and the EU. In the first month of...