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In 2023, the EU27 imported 1.59 million tonnes of tropical wood and wood furniture products with a total value of US$3.18 billion, respectively 18% and 27% less than the previous year. ... [more...]
A cooperation agreement has been agreed between the Timber Industry Association in Suifenhe City, Heilongjiang Province and the Federation of Timber Industries and Exporters in Primorsky Krai, Russia.... [more...]
The EU27 imported 848,000 cubic metres of tropical sawnwood in 2023, 16% less than the previous year. Import value of this commodity was US$782 million in 2023, 14% less than in 2022.... [more...]
Western Forest Products has informed sawmill workers at its Chemainus site of an upcoming shutdown due to market conditions and log availability.... [more...]
The challenges facing the European economy are highlighted in EU’s Winter 2024 Economic Forecast published on 15 February. This indicates that GDP expanded by only 0.5% in both the EU and the euro area during 2023. Growth of only 0.9% is now projected in the EU and 0.8% in the euro area in 2024.... [more...]
According to data from the Vietnam's Department of Forestry (Ministry of Agriculture and Rural Development) in the first 2 months of 2024, the export value of wood and forest products is estimated to have reached US$2,68 billion, an increase of 47% over the same period last year.According to data from the Vietnam's Department of Forestry (Ministry of Agriculture and Rural Development) in the first 2 months of 2024, the export value of wood and forest products is estimated to have reached US$2,68 billion, an increase of 47% over the same period last year.... [more...]
The 20th edition of the Dubai International Wood and Woodworking Machinery Exhibition (Dubai WoodShow), achieved remarkable success this year as it arranged an eventful show. It attracted 14581 visitors from various countries worldwide, reaffirming its importance and leadership position in the region’s wood industry.... [more...]
Vietnam’s wood and forestry sector is aiming to export 15.2 billion USD worth of its products this year, an increase from the 14.47 billion USD last year which was down 15.4% from 2022.... [more...]
The Hoffmann Family of Companies (HFOC) announces its acquisition of Besse Forest Products Group. This strategic move adds to HFOC’s portfolio, complementing their existing Ferche Millwork operations.... [more...]
The European Organization of the Sawmill Industry (EOS) and the European Confederation of Woodworking Industries (CEI-Bois) are requesting a potential ban on Japanese imports of Russian wood products, including lumber and glue laminated timber.... [more...]