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Market Report

UFP Industries, Inc. (Nasdaq: UFPI) has announced record net sales of US$1.83 billion for the first quarter of 2021, a 77% increase over the first quarter of 2020, and record net earnings attributable to controlling interest of US$103 million, a 157% increase over the same period in 2020. The...
Both of the Wood Resources International’s (WRI) sawlog price indices (Global and European) jumped 8% quarter-on-quarter in Q4 2020 as log prices increased worldwide. Demand for logs improved when lumber consumption increased in the second half of 2020, particularly in the United States (US), the United Kingdom, South Korea,...
Biesse Group, a leading multinational business in the processing of wood, glass, stone advanced materials and metal, has announced the expansion of its international network with new branches opening in Israel, Japan and Brazil to strengthen its presence in markets identified as strategic. The group believes that international development, together...
Due to the continuing high level of infection worldwide in the wake of the COVID-19 pandemic; the slow national and international progress on vaccination and thus the continuing existence of travel restrictions; Deutsche Messe, together with the VDMA Woodworking Machinery, has taken the decision to cancel the world's leading...
A joint venture between the Rossi Group and The Lyme Timber Company LP ("Lyme") has acquired Danzer's Bradford Pennsylvania sawmill, kilns and related assets. The Rossi Group and Lyme plan to bring the Bradford facility, formerly known as Bradford Forest Products, back to full production, securing over 85 existing...
According to VNFOREST, over the first three months of 2021, ten new wood product plants were opened by foreign investors from six countries with a total invested capital of US$112.51 million. China continued topping number of new foreign direct investment projects in Vietnam's wood industry sector. Out of the ten...
In Q1 2021, Great Britain and China became the fastest-growing markets for timber sold on the Belarusian Universal Commodities Exchange. During this period, British companies purchased 8,500 cubic metres of sawn timber to the tune of US$2 million. Thus, export sales increased three-fold in kind and six-fold in monetary terms. The...
The softwood timber harvest in Germany is likely to reach almost 50 million m3 in 2020, about ten million m3 more than a typical year before the spruce bark beetle-infestation in 2018, reports Wood Resources International. In addition, Germany has harvested 6 to 7 million m3 of hardwood species annually...
Vietnam is aiming to become one of the world's leading centres for the production, processing and trade of forest products, reports Viet Nam News. This is one of the targets of the Viet Nam Forestry Development Strategy for 2021 to 2031 – with a vision towards 2050 – which...
With a 20.17% increase in visitors compared to the previous edition held in 2019 before the COVID-19 pandemic, China International Furniture Fair (CIFF) Guangzhou reports the conclusion of a highly successful 2021 event. Having concluded on 31 March after a total of eight days (four for the first phase...