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US wooden furniture imports at highest level since beginning of recession
US wooden furniture imports increased 8% in November to US$1.53 billion, the highest level since the recession. Year-to-date imports were up 2% from November 2015. Imports of all types of furniture increased in November with the strongest monthly growth in wooden bedroom furniture and upholstered seats with wooden frames.
Continue reading "US wooden furniture imports at highest level since beginning of recession"
Brazil: Exports of wood-based products up 21.6% in November
In November 2016, the value of Brazilian exports of wood-based products (except pulp and paper) increased 21.6% compared to November 2015, from US$205.5 million to US$249.9 million.
Brazil's pine sawnwood exports increased 42.5% in value in the 12 months to November 2016 . Over the same period the volume of exports 46.9% from 112,600 cu.m to 165,400 cu.m.
Brazil’s tropical sawnwood exports rose 23.3% from 25,800 cu.m in November 2015 to 31,800 cu.m in November 2016 and the value of exports increased 27% from US$12.1 million to US$15.4 million over the same period.
The value of pine plywood exports from Brazil increased 17% year on year in November 2016, from US$29.9 million to US$35.0 million. At the same time the volume of exports increased 17.6% from 112,600 cu.m to 132,400 cu.m.
As for tropical plywood, exports increased 22.5% in volume, from 10,200 cu.m in November 2015 to 12,500 cu.m in November 2016. In terms of value tropical plywood exports increased 33%, from US$3.9 million in November 2015 to US$5.2 million in November 2016.
As for wooden furniture, exports rose from US$35.5 million in November 2015 to US$38.2 million in November 2016, an almost 8% increase.
Also read: Brazil low wood fiber costs attracts investment in pulp production capacity
December trade figures have become available. Total wood product exports (except pulp and paper) in December 2016 increased 12.8% year on year to US$260.2 million and the value of pine sawnwood exports increased 29% year on year to US$ 35.1 million.
Year on year the volume of pine sawnwood exports jumped 31.5% in December to 174,000 cu.m.
Tropical sawnwood exports also rose (46%) from 25,100 cu.m in December 2015 to 36,700 cu.m in December 2016 (from US$ 12.0 million to US$ 17.9 million over the same period).
Also check: Latest prices for Brazilian logs, sawnwood and plywood
Both pine and tropical plywood exports increased in December. Pine plywood exports rose 4.5% in value in December 2016 (147,300 cu.m to 154,000 cu.m) while tropical plywood, exports increased significantly in volume and in value, from 8,800 cu.m (US$3.7 million) in December 2015 to 17,900 cu.m (US$7.3 million) in December 2016.
Exports of wooden furniture also performed well in December rising from US$ 37.3 million in December 2015 to US$ 39.3 million in December 2016.
Global engineered wood market forecast to rise sharply by 2020
The global engineered wood market is estimated to reach $41,273 million by 2022, growing at a CAGR of 24.8 per cent from 2016–2022. North America and Europe, being the developed markets, account for nearly 70% of global engineered wood production, while still maintaining high CAGRs.
According to a new report published by Allied Market Research, engineered wood demand is expected to remain high during the forecast period as it is an apt alternative to concrete and hardwood. Engineered wood products are widely used by architects, builders, code officials, and building designers aware of energy-efficient framing practices that conserve energy, speed-up construction, cut labour cost, and reduce waste.
"The rising popularity of engineered wood over hardwood is attributable to its cost-effectiveness and eco-friendly aspect. Also, stringent regulations with regards to CO2 emission and rapid deforestation are factors likely to propel the adoption of engineered wood. Despite the reservations, surrounding its usage due to safety concerns, composite wood has proved to be a huge commercial success," states Yogiata Sharma, research analyst of consumer goods research at AMR.
The market is expected to move at a higher pace in Europe and North America, owing to high disposable income and widespread awareness of the benefits of engineered wood among the populace. The engineered wood industry in Europe would be driven by the rise in demand for engineered timber, substantial use of resources, and increased import of raw wood from Asia-Pacific and LAMEA.
Other developing and emerging regions, such as Asia-Pacific, Latin America, and Africa, exploit their vast forestlands for timber and raw materials for various engineered wood products. In 2015-2016, countries in Asia-Pacific such as Japan, Indonesia, and India led the engineered wood market, as they are the main exporters of raw materials to North American and European countries. India is one of the emerging markets in Asia-Pacific engineered wood industry, currently accounting for 10 per cent of the Asia-Pacific engineered wood market share. It is estimated to register the highest CAGR of around 25% from 2016 - 2022.
In LAMEA, Brazil and Chile show significant growth in the engineered wood market, owing to the high production of raw materials. These regions are expected to grow with double-digit CAGRs and witness entry of a number of market players. The engineered wood market is segmented based on the type of product, wherein plywood and glulam collectively account for nearly 54 per cent of the global market, and new entrant CLT is expected to grow with the highest CAGR of nearly 30 per cent during the forecast period.
On the basis of application, the non-residential construction would lead the market throughout the analysis period, owing to the continuously increasing construction of multistory building and bridges, globally.
Key Findings:
Increasing disposable income among middle and upper economic segments and increase in technical knowledge of machinery required in engineered wood product formation are the main reasons for their growth.
CLT segment possesses high market potential owing to its usage in building of mega structures and growth in nonresidential market segment.
Plywood and oriented strand boards (OSB) dominate the North American engineered wood in terms of volume market share, while I-beams and glulam lead the European market.
Overall, the non-residential segment possesses higher market share in the overall Engineered wood market.
Roundwood, sawnwood and plywood exports from Russia increased during January-November 2016
Russian roundwood, sawnwood and plywood export volumes increased during January-November 2016. Continue reading "Roundwood, sawnwood and plywood exports from Russia increased during January-November 2016"
Brexit starting to show its negative effects on UK’s softwood timber imports
The Brexit vote on June 23rd 2016 has lead to a downturn in UK's softwood timber imports during the third quarter of 2016 and October of the same year. Continue reading "Brexit starting to show its negative effects on UK’s softwood timber imports"
German trade shows highlight intensity of competition in the European wood market
The European trade show season is now well underway, starting in Germany during January with the Domotex flooring show in Hanover and the IMM furniture show in Cologne. The shows provided good insights into European wood market prospects in the year ahead.
The shows in Germany have become increasingly influential over the years as the centre of European wood manufacturing has shifted from southern and western countries to northern and eastern countries and because Continue reading "German trade shows highlight intensity of competition in the European wood market"
UPM to boost sawn timber capacity at Korkeakoski sawmill in Finland
Finnish company UPM has chosen to invest in a continuous kiln from Valutec for its sawmill in Korkeakoski. This investment will increase the sawmill's total capacity to approximately 370,000 cubic metres per year. Continue reading "UPM to boost sawn timber capacity at Korkeakoski sawmill in Finland"
German sawmills sales declined in November
The turnover of the German sawmills fell in November 2013 as compared to October. The decrease of the total turnover was over 8.5%: from just under EUR 400 million in October to EUR 365.5 million in November.
Compared with November 2012, sales increased by 6.15%. Particularly, international sales grew, and especially the sales outside the Euro zone by 33,6%.
| Revenue
(.000 EUR)
|
Nov. '15 | Oct. '16 | Nov. '16 | Change Nov. '15 to '16 |
| Sales | 344.307 | 399.946 | 365.499 | 6,15% |
| Domestic sales | 241.220 | 273.363 | 248.638 | 3,08% |
| Foreign sales | 103.087 | 126.583 | 116.861 | 13,36% |
| Foreign sales in Euro zone | 79.229 | 92.434 | 84.992 | 7,27% |
| Foreign sales with the rest | 23.858 | 34.148 | 31.869 | 33,58% |
Conifex commits US$80M to modernizing and restarting sawmill at former GP El Dorado, Arkansas
Conifex Timber Inc. announced it is modernizing and will re-start a state-of-the art sawmill complex in El Dorado, Arkansas. The site was formerly owned by Georgia Pacific. Conifex will create approximately 120 new, full-time jobs as a result of its approximate $80 million commitment to the facility.
“This project provides Conifex with access to lumber and timber markets in the US South. Our commitment of $80 million to this facility will ensure the long term sustainability of this site and contribute to our overall company growth,” said Conifex CEO Ken Shields. “We are pleased by the warm welcome and professionalism of the government and private sector partners we have worked with here in El Dorado and throughout the state.”
Conifex is primarily engaged in the manufacture of structural grade Spruce Pine Fir dimension lumber. The company plans to create a state-of-the-art mill in El Dorado producing 180 million board feet initially. Sawtimber purchases are expected to amount to 700,000 tons per year, or $30 million, from suppliers within an approximate 60-mile radius.
Headquartered in Vancouver, Canada, Conifex Timber Inc. was established in 2008 when it acquired its first idled sawmill in British Columbia. A second mill followed two years later as well as a biomass power plant that has been in operation since 2015. The company has invested about $80 million in two Canadian sawmill complexes and related businesses as well as $100 million is its green power generation business, creating over 500 jobs. This will be Conifex’s first facility in Arkansas and the Southern US.
All-time high turnover for the German furniture industry
The furniture industry in Germany has exceeded its EUR 18 billion turnover limit for the first time, at the end of 2016.
The domestic furniture industry is also expecting another growth in 2017. Continue reading "All-time high turnover for the German furniture industry"
Siempelkamp delivers new MDF plant in the Ural mountains region
About 80% of Russia's wood resources can be found east of the Ural Mountains, which accounts for about 20% of total wood harvested in Russia. A highly modern wood-based materials industry has established itself primarily in the west of the country. Continue reading "Siempelkamp delivers new MDF plant in the Ural mountains region"
Malaysian certified timber is now accepted in the Netherlands
Tropical timber certified under the Malaysian Timber Certification Scheme (MTCS) is now accepted as certified sustainable in the Netherlands, following a parliamentary debate on January 18, under the Dutch Public Procurement Policy for Sustainable Timber. Continue reading "Malaysian certified timber is now accepted in the Netherlands"
Export duties on Canadian softwood may lead to an unstable US market
U.S. softwood lumber was again the main global growth market in 2016 (the case since 2010) and supported firm to rising prices throughout the year. As usual, there are many change factors at work that will lead to unpredictable swings in lumber supply, demand and prices in 2017 and beyond. Continue reading "Export duties on Canadian softwood may lead to an unstable US market"
Is China Canada’s next top softwood lumber destination if the US tightens its position?
The US International Trade Commission (USITC) is now investigating the softwood lumber trade with Canada, which may lead to new tariffs and multiyear legal battle. Continue reading "Is China Canada’s next top softwood lumber destination if the US tightens its position?"
Vietnamese wood industry endangered by lack of logs
The wood processing industry in Vietnam copes with a lot of difficulties following the order of the government to close the gates of the natural forests starting January 1st 2017. Continue reading "Vietnamese wood industry endangered by lack of logs"
Irish sawmills have spent €200M in recent years on capacity expansions
Ireland is forecast to double its timber harvest in the next decade. The industry provides numerous jobs to many parts of rural Ireland and the timber sawmill companies have invested approximately EUR 200 million in extra processing capacity. Continue reading "Irish sawmills have spent €200M in recent years on capacity expansions"
Latvia’s wood pellet production is expected to continue growth in 2017
The pellet production in Latvia will continue moderate expansion in 2016-2017 as two, new large-scale pellet mills will start operating during the next year.
In 2015, Latvia reported 1.28 million metric tons of wood pellet production, Continue reading "Latvia’s wood pellet production is expected to continue growth in 2017"
China: Record high imports of softwood lumber and logs in 2016
China imported record-high volumes of softwood lumber in 2016 and softwood log imports reached their second highest level on record. Despite relatively pessimistic forecasts for wood demand early in 2016, China’s need for imported wood picked up during the summer and fall with import volumes of both logs and lumber being up about 20% in the 4Q/16 as compared to the 4Q/15. Continue reading "China: Record high imports of softwood lumber and logs in 2016"
