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Market Report

According to data from China's Ministry of Industry and Information Technology, China's furniture sector experienced steady growth in Q1 2021.During this period, the industry's operating revenue increased 39.9% year-on-year to 163.71 billion yuan (about US$25.31 billion), and the combined profits reached 6.73 billion yuan, up 72.6% from the previous...
Dubai WoodShow, the leading platform for wood and woodworking machinery industry in the Middle East and North African regions, is gearing up for an all-new edition with more unprecedented activities and engagements. Its next edition, scheduled to be held from 15 to 17 March 2022 at the Dubai World...
Metsä Board Corporation has announced several changes to their corporate management team, effective 1 May 2021.Jussi Noponen has been appointed Senior Vice President, Sales and Supply Chain, at Metsä Board, part of Metsä Group. Noponen moves to his new role from the position of Metsä Board’s Chief Financial Officer, a...
According to the Timber Trade Federation, the volume of solid timber and panel products imported by the United Kingdom (UK) in January 2021 totaled 895,000m3 – a 100,000m3 rise from January 2020’s total imports of 795,000m3.When comparing January 2021 with January 2020, the statistics revealed that among the individual product...
According to a research report by Global Market Insights, the furniture market is estimated to surpass a US$750 billion valuation by 2026. The market is poised to foresee lucrative growth in the years ahead owing to the high product adoption and demand across commercial and residential sectors. The market...
UFP Industries, Inc. (Nasdaq: UFPI) has announced record net sales of US$1.83 billion for the first quarter of 2021, a 77% increase over the first quarter of 2020, and record net earnings attributable to controlling interest of US$103 million, a 157% increase over the same period in 2020. The...
Both of the Wood Resources International’s (WRI) sawlog price indices (Global and European) jumped 8% quarter-on-quarter in Q4 2020 as log prices increased worldwide. Demand for logs improved when lumber consumption increased in the second half of 2020, particularly in the United States (US), the United Kingdom, South Korea,...
Biesse Group, a leading multinational business in the processing of wood, glass, stone advanced materials and metal, has announced the expansion of its international network with new branches opening in Israel, Japan and Brazil to strengthen its presence in markets identified as strategic.The group believes that international development, together...
Due to the continuing high level of infection worldwide in the wake of the COVID-19 pandemic; the slow national and international progress on vaccination and thus the continuing existence of travel restrictions; Deutsche Messe, together with the VDMA Woodworking Machinery, has taken the decision to cancel the world's leading...
A joint venture between the Rossi Group and The Lyme Timber Company LP ("Lyme") has acquired Danzer's Bradford Pennsylvania sawmill, kilns and related assets. The Rossi Group and Lyme plan to bring the Bradford facility, formerly known as Bradford Forest Products, back to full production, securing over 85 existing...