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Market Report

Decorative Hardwoods Association reported that the total U.S. imports of hardwood plywood grew by 37% in volume and nearly 77% in value from January through June, as compared to the same period last year.Indonesia is the number one source of U.S. imports, with volume up by nearly 41%. Vietnam...
According to The Sun Daily, timber exports for Malaysia rose to RM13.2 billion in H1 2022, compared to $11.59bn in the same period last year.The 13.79% increased was due to the reopening of the world economy, as well as Malaysia's timber products recognised for its quality internationally.“In 2021, this...
Vietnam’s wood industry is seeing declining international sales. Exports in July are estimated at US$1.41 billion, down 5.5% against June and down 1.6% year-on-year according to a report of the General Department of Forestry under the Ministry of Agriculture and Rural Development (MARD). This was the second month that...
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...