After nine months, the German timber trade sector increase its sales across all assortments by 2.5%, according to the German Timber Trade Federation (GD Holz). Cumulatively, sales of planed wood were up by 7%, building components (interior doors) by 5.5% and garden wood by 3.5%. Wood-based panels sales achieved an increase…
An Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) report released today highlights continued growth in Australia’s forestry sector thanks to strong export performance. ABARES acting Executive Director, Peter Gooday, said Australian forest and wood products statistics, March and June quarters 2019 reported the fifth consecutive year of…
On 31 October 2019, the European Commission published the 2018 edition of its Annual Report on Forest Fires in Europe, the Middle East and North Africa. According to the report, wildfires destroyed nearly 178 000 hectares (ha) of forests and land in the EU last year. While this is less than…
Conifex Timber announced that the agent for its lumber segment lenders approved in principle Conifex’s proposed asset divestment and restructuring plan. According to the announcement, the plan also provides additional credit support to Conifex to fund operations while it implements its asset divestiture plan. Pursuant to the plan, Conifex will…
The US Trade Representative (USTR) has indicated that laminated bamboo plywood (HS 44121005), thin plywood measuring less than 66 mm (HS 44123141155), and rattan for hand-made souvenirs (HS 46021223) are eligible for cuts in Generalized System of Preferences tariffs on exports to the US. US Commerce Secretary Wilbur Ross said…
Arauco, one of the largest forestry companies in the world, reported that sales revenue reached USD 1,387.2 million during the third quarter of 2019, a decrease of 10.5 percent compared to the same period of 2018 (3Q-2018: USD 1,549.9). Adjusted EBITDA reached USD 238.2 million, a very sharp drop of…
IKEA has acquired 42,000 acres of forestland in East Texas to source wood for its furniture, Dallas News reported.The Swedish furniture giant said the acquisition, coupled with the recent purchase of 18,000 acres in Southeast Oklahoma, nearly doubled its U.S. forestry portfolio to 125,000 acres. “We are committed to manage…
A report on wood millwork in the U.S. recently released from Freedonia Focus Reports predicts that demand will increase 2.4% annually in nominal terms through 2023. Gains will be driven by rising building construction activity, the aesthetically pleasing properties of wood, and the perception of wood as an environmentally friendly…
EU imports of tropical plywood products were 250,100 MT in the first nine months of 2019, 4% more than the same period last year. Import value increased 7% to €221.5 million. A large and growing proportion of the plywood faced with tropical hardwood imported into the EU is manufactured in…
Ghana recorded an export volume of 208,553 cu.m of wood products in the period January–August 2019, valued at EUR 106 million, according to the Timber Industry Development Division (TIDD). This represented decreases of almost 20% in volume and 9% in value compared with same period in 2018. Products for which…
