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Market Report

According to a report by the Wood Resource Quarterly (WRQ), record-high lumber prices in North America and Europe have moved both demand and sawlog values to some of the highest levels seen since WRQ started tracking sawlog markets in 1995. In their local currencies, log prices in the Nordic...
According to Vietnam Plus, the exports of wood and furniture products to the US from Vietnam is expected to reach US$10 billion in 2022.The prediction is based on the development trend from 2021. Wood and furniture exports to the US surged 22.4% in 2021 to $8.8bn, 87.6% of which...
The EU is requesting consultations with Russia at the World Trade Organisation (WTO) concerning export restrictions placed by Russia on wood products.According to Lesprom, the EU has been trying to consult Russia since October 2020, when the export restrictions kicked in. They entered into force in 2022. The...
According to statistics from Vietnam's General Department of Customs, exports of wood and wood products in November 2021 reached US$1.27 billion, up 2.5% compared to November 2020.In particular, exports of wood products reached $915.7 million, down 9.9% compared to November 2020. Over the 11 months of 2021, wood and...
In a virtual press statement, Indonesian President Joko Widodo announced that the government has revoked 192 forestry sector permits covering 3,126,439 hectares, because companies that have the permits have not carried out any activities in recent years.According to the President, this step was taken in an effort to improve...
According to New Straits Times, Malaysia recorded RM17.9 billion worth of timber export activities from January to October 2021, a 0.41% increase compared to 2020.Plantation Industries and Commodities (MPIC) Deputy Minister II Datuk Willie Mongin reported that wood products which contributed to the revenue increase included wood furniture, sawn...
Malaysia saw a double-digit increase in plywood exports to Japan, surpassing figures of Indonesia, its main competitor.According to a report from International Tropical Timber Organisation (ITTO), who quoted from Japan Finance Ministry, Japan imported 683,000m3 of tropical hardwood plywood from Malaysia in the first 10 months of 2021, a...
After a year of near-record imports, the UK timber industry is likely to find itself entering a period of greater stability in 2022, according to the Timber Trade Federation (TTF).The latest TTF statistics show the volume of timber imported between January and October 2021 to be 28% higher than...
From 2 Jan-31 Dec 2022, the Russian government will be introducing higher duty rates for export of individual kinds of lumber with moisture over 22% and thickness and width over 10cm in the country.This is to prevent export of raw wood disguised as lumber, and according to the Russian...
Earlier predictions in 2021 had expected Vietnam's wood and wood product exports to hit less than US$14.5 billion due to the COVID-19 pandemic. However, after resuming production in October 2021, the sector's export revenue is now expected to reach $14.72bn by year-end.The overseas shipment in November 2021 alone hit...