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Market Report

According to Vietnam's General Department of Customs, the country's exports of wood and wood products in April 2022 are estimated at US$1.5 billion, up by 7.3% year-on-year, compared to April of 2021.Exports of wood products alone in April 2022 are estimated at $1.13bn, up by 6.4% compared to April...
Acimall has revealed the market figures for Italy's wood and furniture technology industry in 2021. Export figures reached €1.7 billion, a 30.8% increase from 2020 and a 10.1% increase from 2019, and import figures have also increased to €244 million, a 59.4% increase from 2020 and a 21.4% increase...
According to China Customs, exports have been dominating China’s fibreboard trade in recent years. The volume of China’s fibreboard exports fell to 1.52 million tonnes in 2020 from 2.09 million tonnes in 2017.However, exports surged 49% to 2.26 million tonnes year-on-year in 2021, valued at US$1.2 billion, a...
Business analysts predict a boom in the wood product manufacturing sector in Malaysia. The reaction of Russia in banning wood product exports to what are deemed as "unfriendly countries" will mean such countries will be looking for alternative suppliers.While most of Russia’s timber exports are of softwoods, alternative...
The Association of Indonesian Forest Concession Holders (APHI) has reported that forestry sector exports were at a record RP$193.8 trillion (US$13.5 billion) in 2021.The chairman of APHI, Indroyono Soesilo, said changes in international market demand due to the adjustments to home-working and a focus on renovation were mainly...
According to Vietnam Plus, wood and woodworking firms in Vietnam have received orders to last them through Q3 2022, being able to keep up with the orders with their quick resumption of production.Export revenue of wood and wooden furniture has risen by 3% year-on-year to US$3.94 billion in Q1...
According to The Borneo Post, Malaysia's Minister of Plantation Industries and Commodities has fixed an export value of RM$32.8 billion (US$7.77 billion) for the timber and timber products industry to reach by 2030.Deputy Minister Willie Mongin stated that the timber industry accounts for the third highest contributor to the...
Indonesia plans to initiate a joint promotion with a number of stakeholders as part of an effort to expand the market share of Indonesian wood products in Germany. This was announced by Arif Havas Oegroseno, Indonesia’s ambassador in Germany, when opening a dialogue between Indonesian-German wood product business players...
Vietnam News has reported that rising input costs are eroding the profits of wood product manufacturers, putting them at risk. Additionally, sanctions on Russia are likely to cause a decline in supplies of timber raw materials from Russia. As timber supplies become tighter, Vietnamese firms will have to compete...
Timber Development UK, which is under the Timber Trade Federation (TTF), has released a market statement to provide greater clarity on the current supply and demand situation in the UK.The market statement provides a detailed analysis of the past year, looking at the import and price statistics of 2021,...