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Market Report

In a statement released by Acimall, the trade association for Italian woodworking and tools manufacturers, the exports of Italian woodworking technologies are still growing in the first nine months of 2021, increasing by 31.5% compared to the same period in 2020.With data from the Italian National Institute of Statistics...
By Kresly ShenIn September 2021, the Supreme People’s Court of the People’s Republic of China (PRC) issued example of cases regarding antimonopoly and anti-unfair competition, listing 10 such cases including disputes over the optimised saw infringement of technical secrets. It also aims to encourage people to insist on defending...
According to data by Vietnam's Ministry of Agriculture and Rural Development, export of wood and wood products reached US$13.2 billion in the past 11 months, a 20% increase over the same period last year, in which wood products represented $9.9bn. However, despite seeing a growth in forestry products exports...
With the gradual recovery in the major market countries, the Malaysian Timber Council (MTC) has assessed the opportunities for the commodity and wood processing sectors.Tan Ting Wai, director of MTC's Business Development Division, said that current market demand presents distinct opportunities in terms of consumer products for the West...
Production in Vietnam has returned to normal and businesses operating in the wood industry are accelerating production to keep up with signed export orders for the last month of the year and the first half of 2022. Export activity by the timber industry increased in October and November 2021,...
Soaring adhesive prices are squarely impacting wooden board cost. Supply of raw materials of adhesive such as urea sharply dropped after electric supply is disrupted in China, so prices of adhesive climbed in Asia.Prices of urea and methanol climbed by over 30% in one month, and the prices of...
According to the China Customs, log imports in Q3 2021 totalled 48.4 million m3 valued at US$8.617 billion, up 14% in volume and 43% in value. The average cost, insurance and freight (CIF) price for imported logs was US$178/m3, up 25% from the same period of 2020.Of total log...
The Timber Trade Federation (TTF) has released their monthly report, stating that more than 3.32 million m3 of timber and panel imports were imported into the UK in Q3 2021, as the market achieves greater balance between supply and demand after nearly a year of record imports.Analysis of these...
Sawmill profits surged to an all-time high in North America and Europe for H1 2021, with lumber prices increasing and costs for sawlogs moving up relatively less. Profits for sawmills especially reached record highs in Q2 2021.The strong demand for lumber and high operating costs at lumber manufacturers...
By Judd Johnson, managing editor, Hardwood Market Report PublicationHardwood Market Report (HMR) estimations of US hardwood lumber production indicate that supply is nearing projected total demand by the major market sectors. The recovery process in sawmill output took far longer than expected based on past performances. In comparison, it...