According to the latest edition of the Global Timber Index report, the ITTO-supported GTI report tracks signs of easing the timber downturn in seven pilot countries (China, Brazil, Congo, Gabon, Indonesia, Malaysia, Mexico) in November.
Among them, the biggest change was in Malaysia, where the timber index rose by 99%；This was followed by Mexico, where the timber index rose by 59%；The Gabon lumber index rose by 46%。November is usually the peak season for China's timber market, with both market demand and ** increasing, with timber imports increasing by 4 compared to October8%, totaling 5.41 million m;Total value increased by 37% out of a total of 72700 million yuan.
In addition, countries are currently experiencing difficulties in transporting timber, according to reports from Brazilian companies: rainfall has had a significant impact on transportation, and some companies may not be able to deliver to customers on time;Gabonese and Indonesian companies are faced with higher fuel (e.g. diesel)** and increased production costsThe Mexican market has stalled production due to insufficient transportation capacity.
For the Indonesian market, the high demand from buyers (ultra-high quality and FSC certification) has put pressure on local timber companies. "Hopefully incentives for timber and wood products from sustainably managed or legally owned forests. ”