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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...]
The European Woodworking Industries are greatly concerned regarding information disclosed about the EU Deforestation-Free Products Regulation (EUDR)...... [more...]
The global threats to climate, biodiversity and a healthy environment are mainly caused by the excessive use of non-renewable materials. The Food and Agriculture Organization of the United Nations (FAO), in collaboration with the International Tropical Timber Organization (ITTO) and Unique Consultancy, elaborated a Global Forest Sector Outlook 2050 to assess the capacity of wood supply to support a sustainable bioeconomy. ... [more...]
China's log imports fall in 2023. China's log imports in 2023 totalled 38.03 million cubic metres, valued at $6.383 billion, a 13% year-on-year decline in volume and a 25% year-on-year decline in value, according to Chinese customs data.... [more...]
The total value of exports of US hardwood lumber and veneers to India in 2023 was US$8.482m, according to the American Hardwood Export Council (AHEC).... [more...]