Wood products
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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
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July 10, 2018
Italy: Housing sector drives growth wood products imports
Italy’s rise in timber imports in 2017 is a key indicator of the sector’s recovery. Overall, Italy’s wood and wood furniture imports increased 1.8% to €4.6 billion in 2017. Imports from within the EU increased 2.3% to €3.53 billion and imports from outside the EU increased by 0.2% to 1.06 billion. Italy’s imports also picked up pace in the first quarter of 2018, rising 8.9% to €1.22 billion, increasing 9.9% from inside the EU and 5.9% from outside the EU. One market driver in Italy is an upswing in the housing sector since 2017, which resulted in rising imports of sawn timber, wood flooring, and joinery products. While the signs in Italy are encouraging, the recovery has yet to extend to tropical wood. Imports from the largest suppliers of tropical timber into Italy – Cameroon and Indonesia – fell during 2017. Italian imports from Brazil increased, but this... Continue reading
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May 21, 2018
Declining wood products trade between China and the USA
According to the data from China’s Customs the value of wood products trade between China and the USA fell 16% to US$1,90 million in March 2018. China’s imports dropped 5% to US$840 million while exports declined 23% to US$1,050 million. However, the value of wood products trade between China and the USA in the first three months of 2018 rose about 9% to US$6.26 billion, China’s imports increased about 6% to US$2.28 billion while exports value grew 10% to US$3.98 billion. Log and sawnwood imports China’s log imports from the USA in the first three months of 2018 totalled 1.41 million cubic metres, a year on year increase of 7% over the same period of 2017. China’s sawnwood imports from the USA in the first three months of 2018 rose 5% to 709,600 cubic metres. Exports fibreboard and plywood China’s fibreboard exports to the USA fell 11% to 71,200 cubic metres and... Continue reading
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March 18, 2019
India: February price overview for imported wood products
Latest prices for Indian teak, plywood and sawnwood - 16-28 February 2019 Plantation teak prices US$ per cu.m C&F Angola logs 389-574 Belize logs 350-400 Benin logs 290-714 Benin sawn 530-872 Brazil logs 344-540 Brazil squares 333-556 Cameroon logs 405-616 Colombia logs 478-743 Congo D. R. logs 450-761 Costa Rica logs 357-780 Côte d'Ivoire logs 289-756 Ecuador squares 333-454 El-Salvador logs 320-732 Ghana logs 294-452 Guatemala logs 324-646 Guyana logs 300-450 Kenya logs 515-876 Laos logs 300-605 Liberia logs 265-460 Malaysian logs 225-516 Mexican logs 295-808 Nicaragua logs 402-505 Panama logs 335-475 PNG logs 443-575 Sudan logs 358-556 Tanzania, teak, sawn 307-613 Thailand logs 511-700 Togo logs 334-590 Trinidad and Tobago logs 603-753 Uganda logs 411-623 Uganda Teak sawn 680-900 Price range depends mainly... Continue reading
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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
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October 5, 2018
Overview of China’s first half 2018 wood products trade
Data from China Customs shows that in the first half of 2018 the value of China’s wood products trade totalled US$80.97 billion, up 9% from the same period of 2017 but this was a slower growth than in the first half of 2017. Of the total, the value of exports in the first half rose 6% to US$39.1 billion. China’s traders accelerated their wood product exports to beat the introduction of tariffs by the US. The value of imports of wood products rose 13% to US$41.9 billion in the first half of 2017, down 9% year on year. Overall the pace of China’s wood products imports was slower in the first half of 2018. Main wood product imports Logs: In the first half of 2018 the volume of China’s log imports totalled 30.32 million cubic metres valued at US$5.8 billion, a year on year increase of 17% and 28% respectively. Sawnwood: In the first half of 2018 the volume of China’s... Continue reading
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June 11, 2018
Brazilian wood-based products exports up 30%
In April 2018, the value of Brazilian exports of wood-based products (except pulp and paper) increased 30% compared to April 2017, from US$221.0 million to US$287.0 million. Pine sawnwood export values rose 28.5% between April 2017 (US$38.3 million) and March 2018 (US$49.2 million). In terms of volume, exports increased 24% over the same period, from 187,700 cu.m to 233,000 cu.m. Tropical sawnwood exports increase 49% in volume, from 31,000 cu.m in April 2017 to 46,200 cu.m in April 2018. The value of this trade increased 42% from US$14.2 million to US$20.2 million over the same period. Pine plywood exports also increased, jumping 68% in value in April 2018 in comparison to April 2017, from US$40.6 million to US$68.3 million. The volume of exports increased 35% over the same period, from 146,800 cu.m to 198,500 cu.m. As for tropical plywood, exports increased in value from... Continue reading
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August 7, 2018
Ghana’s wood products exports up 24% in January-April 2018
In the first four months of 2018 Ghana’s wood product exports totalled 115,225 cu.m compared to 92,937 cu.m during the same period in 2017, an increase of almost 24%. In eight of the 18 categories of wood products exported during the period significant increases in export volumes were observed as shown in table in the second picture. The leading species used for the production and subsequent export shipments were teak (35%), rosewood (14%), wawa (9.5%), ceiba (8%) and papao/apa (8%). As has been the case for several years, markets in Asia continue to consume most of Ghana’s wood products with lesser volumes being shipped to European markets and the US. The regional ECOWAS market accounts for a significant part of Ghana’s total exports but in the first four months of this year the volume shipped to ECOWAS markets dropped to 6,956 cu.m from the 7,192 cu.m in the same... Continue reading
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January 11, 2014
New Zealand becomes world’s third largest log exporter-on booming Chinese demand
In the last two decades, the value of New Zealand's forest products exports has more than doubled, mainly driven by log shipments to China, Statistics New Zealand reported. In 2012, exports reached US$ 3,75 billion as compared to only US$ 1,58 billion in 1992, making forestry products third largest New Zealand's goods export, after dairy and meat. In 1992, logs accounted for less than a quarter of New Zealand's total forestry exports, but overseas demand, particularly from China, saw this jump to 35 percent by 2012,prices manager Chris Pike said. The value of log exports has more than tripled from 1992 to 2012: from US$368.89 million up to US$1.33 billion. Since 2008, the export value had increased by an average 22% per year. “This rise was due mainly to the volume of log exports tripling. Prices have increased by a smaller 16 percent,” Mr Pike added. The major influence for... Continue reading
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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