Wood industry
-
China-Europe container rates continue to skyrocket; wood industry feeling price pressure
The China-Europe container crisis has escalated over the past week, with container prices reaching new highs, while the container availability in China remains at record lows. China's exports recovered progressively from the COVID-19 pandemic, and after a pause caused by lockdown measures in Europe, demand has increased, but delivering goods overseas has become difficult due to increasing shipping costs. The container freight index by Shanghai Shipping Exchange has climbed to 2048.27 last Friday, more than double as compared to April (855.34). However, in practice container rates are considerably higher and changing on a continuous basis. Market insiders report container prices from China to Europe reaching 7.000 USD in Antwerp, Genoa & Hamburg (some Germans even reporting paying 8.000USD) with the risk of further increases before Chinese New Year. Prices are lower on routes to... Continue reading
-
December 9, 2020
China-Europe container rates continue to skyrocket; wood industry feeling price pressure
The China-Europe container crisis has escalated over the past week, with container prices reaching new highs, while the container availability in China remains at record lows. China's exports recovered progressively from the COVID-19 pandemic, and after a pause caused by lockdown measures in Europe, demand has increased, but delivering goods overseas has become difficult due to increasing shipping costs. The container freight index by Shanghai Shipping Exchange has climbed to 2048.27 last Friday, more than double as compared to April (855.34). However, in practice container rates are considerably higher and changing on a continuous basis. Market insiders report container prices from China to Europe reaching 7.000 USD in Antwerp, Genoa & Hamburg (some Germans even reporting paying 8.000USD) with the risk of further increases before Chinese New Year. Prices are lower on routes to... Continue reading
-
December 9, 2020
China-Europe container rates continue to skyrocket; wood industry feeling price pressure
The China-Europe container crisis has escalated over the past week, with container prices reaching new highs, while the container availability in China remains at record lows. China's exports recovered progressively from the COVID-19 pandemic, and after a pause caused by lockdown measures in Europe, demand has increased, but delivering goods overseas has become difficult due to increasing shipping costs. The container freight index by Shanghai Shipping Exchange has climbed to 2048.27 last Friday, more than double as compared to April (855.34). However, in practice container rates are considerably higher and changing on a continuous basis. Market insiders report container prices from China to Europe reaching 7.000 USD in Antwerp, Genoa & Hamburg (some Germans even reporting paying 8.000USD) with the risk of further increases before Chinese New Year. Prices are lower on routes to... Continue reading
-
China-Europe container rates continue to skyrocket; wood industry feeling price pressure
The China-Europe container crisis has escalated over the past week, with container prices reaching new highs, while the container availability in China remains at record lows. China's exports recovered progressively from the COVID-19 pandemic, and after a pause caused by lockdown measures in Europe, demand has increased, but delivering goods overseas has become difficult due to increasing shipping costs. The container freight index by Shanghai Shipping Exchange has climbed to 2048.27 last Friday, more than double as compared to April (855.34). However, in practice container rates are considerably higher and changing on a continuous basis. Market insiders report container prices from China to Europe reaching 7.000 USD in Antwerp, Genoa & Hamburg (some Germans even reporting paying 8.000USD) with the risk of further increases before Chinese New Year. Prices are lower on routes to... Continue reading
-
June 12, 2019
Current dynamics and challenges of the Russian wood industry
The Russian wood product industry is one of the world’s most dynamic ones thanks to its increasing domestic processing of roundwood and production of higher value-added products oriented towards exports. The Russian wood product industry produces sawnwood and different wood-based panels. In 2018, these valued almost USD 10 billion, over 1/3 of the total Russian forest industry output. European part of Russia is the leader in wood-based panels production, while Siberia is the largest producer of sawnwood. The key factor in Russia’s wood industry competitiveness is the low cost of raw material. Russia has one of the lowest log costs among the main competing suppliers. For the last couple of years, the soft log cost has been between USD 40-50 per m3. For example, this is about 25% of the price level in China. Part of the favourable development when compared to the main competing... Continue reading
-
December 9, 2020
China-Europe container rates continue to skyrocket; wood industry feeling price pressure
The China-Europe container crisis has escalated over the past week, with container prices reaching new highs, while the container availability in China remains at record lows. China's exports recovered progressively from the COVID-19 pandemic, and after a pause caused by lockdown measures in Europe, demand has increased, but delivering goods overseas has become difficult due to increasing shipping costs. The container freight index by Shanghai Shipping Exchange has climbed to 2048.27 last Friday, more than double as compared to April (855.34). However, in practice container rates are considerably higher and changing on a continuous basis. Market insiders report container prices from China to Europe reaching 7.000 USD in Antwerp, Genoa & Hamburg (some Germans even reporting paying 8.000USD) with the risk of further increases before Chinese New Year. Prices are lower on routes to... Continue reading
-
April 6, 2017
Brazil: Exporters on the alert as the currency appreciates and wood production costs rise
The Brazilian currency has appreciated sharply against the US dollar over the past 12 months which is raising alarm bells amongst wood product exporters. According to the Brazilian Association of Mechanically Processed Timber Industry (ABIMCI) the Brazilian currency was down almost 23% on the US dollar as of February 2016 but has since strengthened steadily. Against a back-drop of rising production costs and the appreciating currency Brazilian exporters are bracing for tough times ahead. Pine plywood manufacturers exported 1,730,470 cu.m in 2016, the highest volume in the past 10 years. This represented a 16% increase compared to the volume shipped in 2015. According to ABIMCI exports expanded as domestic demand fell due to paralysis in the economy. While welcoming the expanded demand in the US and EU the plywood industry will be generating more profits when the domestic market also... Continue reading
-
December 9, 2020
China-Europe container rates continue to skyrocket; wood industry feeling price pressure
The China-Europe container crisis has escalated over the past week, with container prices reaching new highs, while the container availability in China remains at record lows. China's exports recovered progressively from the COVID-19 pandemic, and after a pause caused by lockdown measures in Europe, demand has increased, but delivering goods overseas has become difficult due to increasing shipping costs. The container freight index by Shanghai Shipping Exchange has climbed to 2048.27 last Friday, more than double as compared to April (855.34). However, in practice container rates are considerably higher and changing on a continuous basis. Market insiders report container prices from China to Europe reaching 7.000 USD in Antwerp, Genoa & Hamburg (some Germans even reporting paying 8.000USD) with the risk of further increases before Chinese New Year. Prices are lower on routes to... Continue reading