Exports of Indonesian wood products increased in 2022 but the Ministry of Environment and Forestry (KLHK), quoting the Association of Indonesian Forest Concession Holders (APHI), has warned of a possible global recession.
Up to November 2022, exports of processed wood products reached US$13.27bn, close to the total value of export in 2021 which was the highest on record for processed wood products.
Plywood exports were $2.67bn, down 1.6% year-on-year, and furniture $2.11bn up 14% year-on-year.
Wood product exports to Japan up to November 2022 recorded an increase of 13% year-on-year while exports to South Korea increased 6% year-on-year. Exports to the EU and UK increased by 10% year-on-year to $1.16bn and exports to India increased by 38% year-on-year to
$471.5m.
However, demand in Indonesia’s main market, China, was weak.
In related news, the KLHK revealed that the 2022 export value of industrial forest products was good, being almost one and a half times above the target of $10bn.
Source: ITTO
