-ADVERTISEMENT-

Market Report

Indonesia's Director General of National Export Development, Didi Sumedi, said the Ministry of Trade is committed to support the production and innovative marketing of sustainable lightwood products. Through the lightwood trade, Indonesia can change its image from a tropical wood producer to an innovative and sustainable timber producer.Didi gave...
Egypt's furniture exports increased by 13% to $163 million for the first nine months of 2021, compared to the same period in 2020, according to a monthly report by Egyptian Furniture Export Council. However, the export figures dropped in September 2021 by about 32% compared to September 2020.The report...
Production and capacity levels for Vietnam's wood industry is returning to normal after the pandemic restrictions, and the industry is confident of earning a total of US$14.5 billion by the end of 2021.According to Vietnam Timber and Forest Product Association (VIFOREST), the wooden and forest product export turnover reached...
IKEA is anticipating price increases following the reveal of their financial results for FY2021 up to 31 Aug 2021.Reasons for the increase are plenty. According to IKEA, the business outlook remains "extremely challenging" despite economic recovery, with more than 150 stores closed due to lockdown, resulting in lower store...
Malaysia's Deputy Plantation Industries and Commodities Minister Datuk Seri Wee Jeck Seng believes that Malaysia's wooden furniture industry has the capability to compete on a global level, as seen from the high demand for wooden furniture from the US and European countries, and export value is expected to increase...
Raute's net sales has increased from €27.9 million to €37.9 million in Q3 2021, compared to the same period in 2020. Their technology services's share of net sales was high due to their modernisation projects, accounting for 39% of the total.Operating profit in Q3 2021 was €1.9 million before...
The rise in COVID-19 cases in Vietnam has caused productions to halt in August and September, causing a sharp decline in exports. But Vietnam's wood sector still has a chance to pull up its exports and reach their target for 2021 if they can resume production quickly, according to...
According to the latest market statement by Timber Trade Federation (TTF), more than 7 million m3 of timber and panel products were imported by the UK between January and July 2021.This is nearly 2 million m3 above the same period in 2020, and half a million m3 above 2019...
Many offshore Chinese furniture companies said that they are directing orders back to China following the extension of Vietnam's lockdown to the end of September 2021.At the end of 2020, Vietnam surpassed China as the largest overseas supplier of veneer and plywood to the US, and Vietnam surpassed China...
Malaysia's wood furniture export value is expected to exceed RM13 billion by the end of 2021, an uptick from the RM12.8 billion recorded in 2020, according to the Plantation Industries and Commodities Ministry (MPIC).The figures are achievable and commendable in spite of the COVID-19 pandemic. The Minister of MPIC,...