-ADVERTISEMENT-


Market Report

According to The Borneo Post, Malaysia's Minister of Plantation Industries and Commodities has fixed an export value of RM$32.8 billion (US$7.77 billion) for the timber and timber products industry to reach by 2030.Deputy Minister Willie Mongin stated that the timber industry accounts for the third highest contributor to the...
Indonesia plans to initiate a joint promotion with a number of stakeholders as part of an effort to expand the market share of Indonesian wood products in Germany. This was announced by Arif Havas Oegroseno, Indonesia’s ambassador in Germany, when opening a dialogue between Indonesian-German wood product business players...
Vietnam News has reported that rising input costs are eroding the profits of wood product manufacturers, putting them at risk. Additionally, sanctions on Russia are likely to cause a decline in supplies of timber raw materials from Russia. As timber supplies become tighter, Vietnamese firms will have to compete...
Timber Development UK, which is under the Timber Trade Federation (TTF), has released a market statement to provide greater clarity on the current supply and demand situation in the UK.The market statement provides a detailed analysis of the past year, looking at the import and price statistics of 2021,...
In 2021, the EU27 imported wood and wooden furniture with a total value of US$6.71 billion from Russia, Belarus and Ukraine, nearly one third of total import value of these products.Total EU27 import value of wood and wooden furniture products from all countries, both tropical and non-tropical, excluding intra-EU...
Russia’s invasion of Ukraine along with the sanctions imposed on Russia by the US, the EU and others will have a big impact on the global wood processing and export industries.Assessing the risks and identifying solutions relating to mechanisms and policies to help wood enterprises reduce the negative impacts...
According to VGP News, a Vietnamese project on sustainable and effective development of wood processing from 2021-2030 has been signed by Vietnam's Deputy Prime Minister Le Van Thanh.The goal of this project is to develop the wood processing industry into an important economic sector and turn Vietnam into one...
According to a press release by the American Hardwood Export Council (AHEC), a record high has been achieved for US hardwood exports to India in 2021 as both the value and volume of hardwood lumber shipped to the country was more than double the previous high set in 2019....
To minimise instabilities in wood imports, insiders of Vietnam's wood industry said that it is necessary to promote domestic materials.This statement came following Russia's invasion of Ukraine, with Vietnam's wood industry assessing how it is affected by the war. During a webinar held by the Vietnam Timber and Forest...
The Vietnam Timber and Forest Product Association (VIFORES) has set a target for exports of US$17.5–18 billion in 2022, in spite of challenges.VIFORES pointed out that the five main export groups of the wood industry have good growth prospects in 2022. “In 2022, the goal of the export wood...