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Image: Liam Pozz/UnsplashAccording to a statement at a recent national conference in China, the output value of China’s national forest industry in 2022 totalled RMB8.04tn (US$1.17tn). The country is now among the world's leading players in terms of the scale and growth rate of its forestry industry.China has continuously...
Image: Tiana Borcherding/UnsplashIn 2022 Vietnam’s exports of wood and wood products has been reported at US$16.9bn. Despite the slowdown of export growth during the year the industry is forecasting a recovery in Q1 2023.The Vietnam Timber and Forest Products Association (VIFORES) is anticipating 7-9% growth in 2023 to achieve...
Image: Peter Herrmann/UnsplashBased on information obtained from its member companies and national associations, the European Parquet Federation (FEP) has estimated that the overall consumption figures on the European parquet market for the year 2022 are declining by 8.2% compared to 2021.After a booming year 2021, during which the...
Image: Steven Kamenar/UnsplashExports of Indonesian wood products increased in 2022 but the Ministry of Environment and Forestry (KLHK), quoting the Association of Indonesian Forest Concession Holders (APHI), has warned of a possible global recession.Up to November 2022, exports of processed wood products reached US$13.27bn, close to the total value...
Image: Chandler Cruttenden/UnsplashAccording to Global Wood Trade Network, the latest timber import statistics from the Timber Development UK (TDUK) show a "considerable" shift in timber trade patterns in 2022, with the Republic of Ireland, Latvia and China supplying the UK with significant volumes.Softwood imports from the Republic of Ireland...
Although furniture is impacted, the panelboard industry is not as badly affectedDeclining US home sales, an increasing trend of workers returning to office environment, and the increasing risks of an economic downturn have contributed to the slowing down of furniture demand in Malaysia, according to a report by Hong...
Wooden products and timber materials reached about $15.85bn worth of exports in 2022According to the Vietnam Administration of Forestry, forestry exports in 2022, which include timber and wood products, are estimated at over US$16.9bn, up 6.1% from 2021.VietnamPlus reported that this value included about $15.85bn worth of timber and...
Image: Lucas Hoang/UnsplashAccording to the Ministry of Finance of China, the Customs Tariff Commission of the State Council has issued an announcement that the imports and export tariffs of some commodities will be reduced with effect from 1 Jan 2023, including wood and paper products.This is to accelerate the...
Xylexpo 2022, the Italian woodworking and furniture industry trade fair, resumed this year (Image: Xylexpo)Acimall has released the production and market performance for the Italian woodworking and furniture machinery industries.According to the association, total production reached a value of €2.65bn, up by 4.6% compared to the previous record in...
Indonesia’s Ministry of Environment and Forestry (KLHK) is reportedly preparing a strategic policy to strengthen the country’s forestry sector to face the threat of a possible global recession in 2023.Siti Nurbaya, the Minister of Environment and Forestry, said to maintain the productivity and sustainability of forestry businesses, the government...
