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Market Report

Wood products sales are rising, bringing some relief to manufacturers. However, skyrocketing prices of raw materials and logistic costs will weigh on profits this year.VNDIRECT Securities Corporation, an investment advice company based in Vietnam, estimated that the total revenue of listed wood and wood products companies in Q1 2022...
Gambia has banned timber exports and revoked all timber export licenses to curb illegal logging, particularly rosewood smuggling.The ban is effective immediately, with port authorities instructed to refuse loading timber logs onto any vessel, according to the government's statement.West African rosewood, which has been an endangered species since 2017,...
Vietnam plans to grant licences under the Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade Program (VPA/FLEGT) to wood and wood products exports in 2025.This FLEGT schedule was announced at a June workshop held jointly by the the Vietnam Administration of Forestry (VNFOREST), the Vietnam Timber and...
According to Vietnam's General Department of Customs, imports of wood from South East Asia in the first three months of 2022 was 208,580m3 and valued at US$72.72 million, down 23.5% in volume and 5.9% in value over the same period in 2021.Imports of wood from South East Asia in...
The American Hardwood Export Council (AHEC) has released the latest figures for US hardwood exports to India, commenting that US hardwood lumber exports to India continued their upward trajectory in the Q1 2022, with the total shipped to the market rising by 20% in volume to 2,262m3 and by...
Acimall has released the latest figures of the woodworking technology market in Italy, declaring that Q1 2022 had positive results, despite differences from the previous quarter.According to Acimall, in the January to March 2022 period orders increased by 21.7% over the same quarter of 2021, as a result of...
According to a new report by Research and Markets, the global cross-laminated timber (CLT) market size was US$1.1 billion in 2021, and is projected to grow at a CAGR of 14.5% during the forecast period to reach $2.5bn by 2027.Increased consumer demand for luxurious and modern residences is projected...
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...