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The Malaysian Timber Council (MTC) and the Malaysian Wood Moulding and Joinery Council (MWMJC) have signed a Memorandum of Understanding (MoU) with the Philippine Wood Producers Association (PWPA) in Makati City, Manila, Philippines, on 7 Nov 2022.The MoU, which aims to promote timber trade development and establish timber trade...
COVID-19 and subsequent pressures have affected production capacity utilisation and the product mix of sawn lumber and timbersBy Judd Johnson, editor, Hardwood Market Report PublicationsMost countries in the world are experiencing slower economic growth or economic contraction. Certainly, those with global influence are performing at less-than-optimal rates.For instance, the...
The American Hardwood Export Council (AHEC) has recently concluded their appearances in Vietnam and Bangkok timber events. We speak to Michael Snow, the executive director of AHEC, on the current hardwood market outlook, the council’s strategies for diversification and education, and what sustainability means to them.Diversifying the marketHow was...
Although Vietnamese manufacturers are enjoying cheaper imported wood materials due to weakened export demand and stable freight rates, they are steering away from Forest Stewardship Council (FSC) certified products due to how expensive they are.In fact, manufacturers believe that the risk of FSC-certified raw materials can reduce the revenue...
Indonesia's export of wood products continues to rise even though demand in China has weakened. However, a global recession would impact export growth. Data from Indonesia's Ministry of Environment and Forestry (KLHK) analysed by the Association of Indonesian Forest Concession Holders (APHI) showed Indonesia's wood product exports up to...
According to a report by Reports and Data, the global cross-laminated timber (CLT) market was valued at US$786.71 million in 2019 and is expected to reach $2,021.29m by the year 2027, at a CAGR of 12.51%.By volume, the market is expected to reach 3,237.61 thousand cubic metres in 2027 from...
In a move to enhance ASEAN member countries’ competitiveness as a region, the Malaysian Timber Council (MTC) has signed a Memorandum of Understanding (MoU) with the Thai Hevea Wood Association (THA) and the Wood Processing Industry Club at The Federation of Thai Industries (FTI) in Songkhla, Thailand.The MoU, which...
According to The Edge Markets, the Malaysian timber industry is aiming to reach RM$28 billion worth of timber exports by 2025.This declaration was made by the Malaysian Timber Industry Board (MTIB). Hishamuddin Abdul Karim, chairman of MTIB, mentioned that this is aligned with the new National Timber Agrocommodity Policy...
Vietnamese wood and wooden furniture enterprises are currently facing difficulties from the cancellation of orders by customers, because of inflation in countries such as the US and the EU and the sharp increase in input material costs.In fact, Vietnam’s wood industry is seeing declining sales overseas. The export value...
The total value of American hardwood lumber and veneer exported to India was US$3.543 million in the first six months of this yearAccording to the American Hardwood Export Council(AHEC), the total exports of U.S. hardwood lumber and veneer to India for the first half of 2022 reached US$3.543 million,...
