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Asia & Middle East

Ocean freight rates at record levels

Global container freight rates continued to sky-rocket into the new year as major freight companies applied surcharges for premium [...]

Malaysia plywood industry facing a timber shortage

Malaysia’s plywood export prices to key Japan market have firmed up due to tight supply of logs for manufacturing [...]

2021 global wood pellet markets outlook

After 2023 there is limited future growth forecast in the industrial wood pellet market. Europe and the UK will have [...]

Steady recovery in EU tropical wood product imports

Total EU27 (i.e. excluding the UK) import value of tropical wood and wood furniture products was US$2.75 [...]

World furniture consumption is estimated to decrease by -10% in 2020

Covid-19 has severely impacted global furniture trade growth – yet recovery is imminent, reports Milan’s Centre for Industrial Studies [...]

South Korea’s 2021 imported wood pellet demand expected to remain stable

South Korea's 2021 imported wood pellet demand may remain stable from last year at 3mn t as the container [...]

China: Container shortage impacting prices of timber imports

The availability of shipping containers and disruptions to shipping schedules is impacting the flow of Chinese wood product imports.   [...]

Vietnam’s wood products temporarily free from US tariffs

There has been no punitive tariff on Vietnamese wood product export to the US after the US Trade Representative (USTR [...]

EU tropical timber trade faces double dip recession

Total EU27 (i.e. excluding the UK) import value of tropical wood and wood furniture products was US$2.48 [...]