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Market Report

Image: FEPAccording to the European Parquet Federation (FEP), the European parquet market experienced a significant drop of 30% in 2023, echoing the collapse in construction activity.This evaluation is based on information obtained from FEP's members and should be considered as a preliminary forecast. It is the result of best...
Image: Loren Biser/UnsplashThe annual pace of new home construction in the US pulled back in December 2023 after soaring in November despite a historic shortage of housing inventory and falling mortgage rates.Housing starts came down by 4.3% in December compared to the previous month, according to US Census...
The global wood fibre market has changed substantially over the past three years.Despite a worldwide decline in hardwood pulp prices in 2023, the supply of hardwood pulp logs tightened primarily because of Russia's invasion of Ukraine. This geopolitical event triggered a significant increase in hardwood fibre prices, which...
In Vietnam, Hanoi ranks as high as Binh Duong municipality and Ho Chi Minh city in terms of investment opportunities for the furniture and real estate industries. Here is a brief overview of what the Hanoi furniture and construction markets have to offer.   WOOD AND WOOD PRODUCTS  Hanoi produces...
Image: Kurniawan Eka Saputra/UnsplashRussian lumber export prices have fallen substantially since the past year, both because of boycotts and weaker wood demand in China.Russia was the world’s largest exporter of softwood lumber in 2020 and 2021. In 2022, shipments fell dramatically, resulting from Russia’s invasion of Ukraine and the...
Air-drying sawn timber in a community-owned sawmill in San Pedro, Oaxaca, Mexico (Image: ITTO)The downturn in the timber sector in Malaysia, Mexico and other timber-producing countries showed signs of easing in November, according to the latest edition of the Global Timber Index (GTI) Report, released on 15 Dec.The GTI...
Real estate and commercial property markets in Hanoi will thrive in the following yearsHanoi produces and exports various wood and wood products, but the segments that have recorded the strongest growth thus far are wood chips, pellets, and wooden furniture, with furniture being the largest proportion in the...
Xylexpo 2024 can possibly boost figures for the Italian woodworking machinery technology industry next year (Image: Acimall)The Studies Office of Acimall has released the preliminary balance of 2023 for the Italian woodworking machinery industry, citing 3.5% growth of production compared to 2022.In spite of the "less satisfactory" orders,...
Image: Oliver Paaske/UnsplashFive years ago Vietnam’s Ministry of Industry and Trade issued Circular No. 44/2018/TT-BCT regulating the temporary suspension of import and re-export of round wood and sawnwood from natural forests from Laos and Cambodia.This circular is effective until 31 Dec 2023. After five years of implementation the...
Image: Olive Paaske/UnsplashChina’s timber industry saw an increase in orders and production last month, according to the October 2023 edition of the Global Timber Index (GTI) Report. Their GTI increased by 17.9% in October to 55.2%.The Chinese government has rolled out a series of policies since early this...