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According to China Customs, wooden furniture exports in 2023 fell 4% to US$24.19 billion year on year. The US was the largest market for China’s wooden furniture exports and nearly 30% of China’s wooden furniture exports were to the US, up 1% over 2022.... [more...]
Biesse Group has communicated the financial results for 2023, the financial year closed with sales revenues of EUR 785 million, down 4.6% compared to the EUR 822.43 million obtained the previous y... [more...]
Acadian Timber Corp. has closed on the acquisition of approximately 16,000 acres of commercial-quality timberlands in New Brunswick, Canada, ... [more...]
Western Forest Products has informed sawmill workers at its Chemainus site of an upcoming shutdown due to market conditions and log availability.... [more...]
A report released by the National Association of Home Builders on Monday showed an unexpected improvement in U.S. homebuilder confidence in the month of March.... [more...]
US imports of hardwood flooring by the US fell 11% in January on sharp declines from the top suppliers. Imports from Indonesia fell 46% in January while imports from Brazil dropped by 23%. ... [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...]
Canadian housing starts rebounded more than expected in February as groundbreaking increased on multiple-unit urban homes but analysts were doubtful that the pickup in activity, seen key to relieving a housing shortage, would be sustained.... [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 Wood-Furniture Supply Chain recorded a negative third quarter in Italy in 2023, as revealed by data published by FederlegnoArredo. However, from 2024 onwards, everything is expected to return to normalcy, particularly thanks to exports.... [more...]
The European Woodworking Industries are greatly concerned regarding information disclosed about the EU Deforestation-Free Products Regulation (EUDR)...... [ more...]
After the completion of the test phase for the implementation of the EU Deforestation Regulation (EUDR) last week and the renewed postponement of the vote on the EU Supply Chain Directive, the German Sawmill and Wood Industry Association (DeSH) reiterates its criticism of the projects and warns of distortions for forest and wood industry.... [ more...]