India
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May 29, 2023
Indian wood import market thrives as country recovers to pre-Covid levels
India's remarkable recovery from the COVID-19 pandemic has brought about a resurgence in various industries, with the wood import sector experiencing significant growth.... Continue reading
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August 23, 2023
India emerges as “biggest growth market” for US hardwood lumber
India has emerged as the biggest growth market for US hardwood lumber in H1 2023, with the total shipped to the market rising by 76% in volume to 6,610m3 and by 47% in value to US$3.98m, as compared to H1 2022.... Continue reading
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March 10, 2020
India demand for softwood log imports set to triple by 2021
Demand from housing, furniture, hospitality and handicraft remains strong, making India a potential market for imported wood products. Limited domestic supplies is driving demand for newer species of imported wood, but exporters should be prepared to start small and be patient India is not only a major producer of tropical logs in the world, but also one of the largest consumers of wood products. Growing middle class is more interested in luxury goods such as imported furniture. Consumers shopping online are well aware of furniture styles available globally such as kitchen cabinets, flooring, doors, bedroom and living room, kitchen furniture, and window frames. The penetration of e-commerce in rural areas is further fueling demand for imported furniture. Over the next decade, India is expected to become the world’s next substantial wood fiber import market (second only... Continue reading
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January 6, 2021
With Chinese trade ban, Australia looks to India as a new market for its timber
With the embargo imposed by China on the importation of Australian logs still in effect, it is becoming a race against time to find a home for the thousands and thousands of logs that are sitting at the dock at Bunbury Port awaiting shipment. Australia has the processing capabilities to keep and use those logs domestically, however, the price difference between internal usage and exported whole logs is significant. Gary Addison owns one of the companies that has been negatively impacted by the ban. His company’s output was 100% in the export of logs to China. Mr. Addison has been working diligently to find a new customer for his and others logs. After many overtures to countries in Asia, Mr. Addison is reporting that India has showed great interest in securing logs from Australia and he is hoping that their demand will make India the new China for his Australia. "India seems... Continue reading
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December 13, 2022
India: Weak log and sawn timber import market
Activity in Gandhidham is slow to recover after the Diwali holidays due to negative sentiment. Log importers and sawmills report fewer enquires from their customers for green sawn timber. The sale price for green sawn timber is now approximately 501-511 and 591-601 INR per CFT for timber from South America and Australian logs respectively. Exports from India fell to 29.78 b USD in October 2022 from 35.45 b in the previous month, the lowest since February 2021. In October last year, exports were 17% higher at 35.73 b USD. This has negatively affected the demand for sawn timber to make export packing pallets. There is an expectation North Indian demand might increase by March 2023 when the summer harvest starts and Indian exports increase. Log shipments from South America have reduced drastically, as unsold logs are still at bonded warehouses in Kandla and being sold at low prices. The... Continue reading
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March 12, 2020
Coronavirus affects India’s wood supply chain
India relies on China to produce raw materials for veneer, plywood, fiberboard and particleboard, but the supply chain has been interrupted by virus control measures, which has affected the production and trade of Indian companies.... Continue reading
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December 13, 2022
India: Weak log and sawn timber import market
Activity in Gandhidham is slow to recover after the Diwali holidays due to negative sentiment. Log importers and sawmills report fewer enquires from their customers for green sawn timber. The sale price for green sawn timber is now approximately 501-511 and 591-601 INR per CFT for timber from South America and Australian logs respectively. Exports from India fell to 29.78 b USD in October 2022 from 35.45 b in the previous month, the lowest since February 2021. In October last year, exports were 17% higher at 35.73 b USD. This has negatively affected the demand for sawn timber to make export packing pallets. There is an expectation North Indian demand might increase by March 2023 when the summer harvest starts and Indian exports increase. Log shipments from South America have reduced drastically, as unsold logs are still at bonded warehouses in Kandla and being sold at low prices. The... Continue reading
