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International Log & Sawnwood Prices

01 – 15th May  2022



  Ovangol and gheombi - buyers seeking alternative

In Cameroon the weather is good for harvesting and no
problems have been reported with either road and rail
transport. However, Douala Port is reportedly severely
congested with timber. Log stocks are accumulating and
old stocks are being buried under new arrivals and the
fresh logs are first to be shipped.

Reports say prices for bubinga/kevazingo are falling due
to CITES regulations and that buyers for the Chinese
market are now looking at alternative species such as
ovangol and gheombi (Sindororpsis sp.) which is
decorative and said to be good for furniture production.

In the 1970s Cameroon was a major source of azobe found
along the border with Equatorial Guinea and the coastal
areas in Campo and Kribi. These southern and eastern
forests no longer have much azobe so the harvesting has
shifted to the middle of the country where the redwoods
such as sapelli and sipo along with ayous and dabema are

Producers report stable order books stretching 2 months as
there is regular demand from China.

Campaign to check the legality of mills
The slow processing of documents by the forestry
administration in Gabon is delaying operations and export

It is reported that around 20 concession agreements have
been withdrawn which has put pressure on log supplies.
Millers have been trying to secure logs from companies
with concessions but some have been in operation for 25
years or more so the choice of species is limited.

The readily available woods include andoung, gheombi
and omvong relatively unknown in Europe. Omvong is
said to be an alternative for azobe. Interestingly, azobe is
used in Europe for dragliner sheets (wood/metal mats for
cranes/diggers moving over fields especially when laying

Forestry officials in Gabon have started the campaign to
check the legality of processing plants. Unconfirmed
reports say 11 companies have been told to cease
operations as the source of logs cannot be verified. The
forestry officials started the checking in the northern
provinces and will extend to other areas.

More on DRC forestry audit
The government audit of forestry contracts in the
Democratic Republic of Congo identified serious
management failures and says there have been serious
breaches of the country’s forest code and violations of a
2002 moratorium on new concessions.

The Minister of Environment, Conservation of Nature,
Water and Forests announced the immediate suspension of
forestry contracts deemed illegal by the audit adding that
where a special commission confirms the Inspectorate
General’s audit those contracts will be canceled.



   Ghana committed to UN strategic plan for forests
The Deputy Minister for Lands and Natural Resources,
Benito Owusu-Bio, has said Ghana is ready to commit to
the achievement of the goals and targets of United
Nations’ Strategic Plan for Forests.

At the 17th Session of the United Nations Forum on
Forests the Minister said his Ministry will mobilise all key
stakeholders such as the security agencies, traditional
authorities, media grops, schools and local communities,
civil society groups and the private sector to work on
recovering degraded forest landscapes, farm lands and

Ghana has set a target to plant about 20 million trees of
various species across the country in 2022 as part of the
Green Ghana Project. The strategy is to plant 10 million
seedlings in degraded forest reserves and another 10
million seedlings outside forest reserves within and around
farm boundaries and communities.

Seedlings will include fruit trees, multipurpose trees,
shade trees, ornamentals, timber trees and fuel wood tree
species. Seedling distribution will commence from the
third week of May 2022.

The Green Ghana Project was launched last year and some
5 million trees were planted. This is an annual event to
significantly increase the forest cover of Ghana, halt forest
degradation and restore Ghana’s depleted forest cover.


AGI wants development banks support long term

The Association of Ghana Industries (AGI) is trying to
encourage development banks such as the National
Investment Bank (NIB) and the Agricultural Development
Bank (ADB) to develop long term funding schemes for
local industries to enable them expand their industrial

According to its Chief Executive, Seth Twum Akwaboah,
industries in the country can only be competitive when
given the access to capital. Long term financing will
ensure companies continue to be competitive and fully
benefit from the African Continental Free Trade
Agreement (AfCFTA).

AGI is a leading voice of the private sector manufacturing
industries when making suggestions to the government
and statutory bodies in support of economic growth and
development of industries in Ghana. It is also working to
create a supportive and competitive business climate, to
make Ghana companies internationally competitive.



Chamber calls for government action on inflation
Rising inflation has become a major concern for the
private sector and calls have been made for government
intervention to check the rising prices of goods and

The CEO of the Ghana National Chamber of Commerce
and Industry (GNCCI), Mark Badu Aboagye, has warned
that as inflation drives up production costs businesses have
to raise prices for their products.

Businesses have called on government to develop an
economic rescue plan to address the inflation crisis and
economist, Courage Boti, has warned that this situation
will deter foreign investors.

According to the Ghana Statistical Service (GSS) inflation
rate hit 23.6% in April 2022, the highest since January


Ghana likely among fastest growing economies in

An April 2022 Regional Economic Outlook Report from
the International Monetary Fund (IMF) has said that
Ghana could become the 12th fastest growing economy in
sub-Saharan Africa. In the region Ghana’s economy stands
in 6th position.




   No new plantation projects says ministry
Malaysia has announced there will be no new licences
issued for forest plantation projects,.

Meanwhile, no state has been reported to have exceeded
the annual felling quota set by the government or issued
new licences for forest plantation projects says the Federal
Energy and Natural Resources Ministry which claims this
was due to the government’s proactive action which
focuses on protecting the country’s natural resources.

The Ministry of Energy and Natural Resources homepage
explains “Under the Malaysian Constitution, forestry
comes under the jurisdiction of the respective State
Governments. As such, each State is empowered to enact
laws on forestry and to formulate forestry policy

The executive authority of the Federal Government only
extends to the provision of advice and technical assistance
to the States, training, the conduct of research and in the
maintenance of experimental and demonstration stations.
In order to facilitate the adoption of a coordinated and
common approach to forestry, as well as reconcile crosssectoral
policies that interface with the forestry sector, a
National Land Council was established.

The aim of the Council is to enable the Federal and the
State Governments to discuss and resolve common
problems and issues relating to forestry policy,
administration and management, as well as to enhance
cooperation between the Federal and State Governments,
so as to ensure a coordinated approach in the
implementation of policies and programs related to


In related news, the Sarawak government aims to establish
one million ha. of forest plantation by 2025 to provide new
sources of raw material for downstream industries this,
says the State government, will relieve pressure on natural
forest and also to increase the state’s forest cover to reduce
the greenhouse effect.

The change to utilising plantation logs is slow but steady
as more plantations become ready for harvesting. An
example can be seen with Ta Ann Holdings companies in
Sarawak. The group raised its log production from planted
forest by 63% to 50,319 cu m in 2021.

Ta Ann’s forest plantation projects in Sarawak are mainly
acacia mangium but other species are planted including
kelampayan, sawi, benuang and engkabang.


Labour shortage needs a solution
The shortage of workers continues to plague industries in
Malaysia as it had even before the Covid pandemic hit but
has been exacerbated by the slow return to the country of
workers. This issue needs to be resolved but there
challenges in finding a solution.

In February this year the government reported 671,800
people (4% of Malaysian labour force) were unemployed
and unemployment among young people. The Star
newspaper analysis says the share of low-skilled jobs in
Malaysia increased significantly to around 14% in 2017
from only 8% in 2010 while high-skilled employment
shrank to 37% from 45% over the same time period. Skillrelated
under-employment in Malaysia increased by 6.3%
to record 1.9 million persons in 2021 (2020: 1.8 million

In an effort help solove the worker issue the government
has announced that the minimum wage is to be increased
to RM1,500 per month.


MIFF 2022
Over 200 suppliers are preparing to exhibit furniture
products and reconnect with international buyers after the
long Covid break. Visitors to MIFF 2022 can expect to
witness high-quality designs in home furniture, office
furniture and wooden furniture.

Exhibition details can be found at:


  Expanding SVLK at the global level
At the recent Forest Governance, Markets and Climate
(FGMC) Stakeholder Forum held in London the FLEGTVPA
cooperation between Indonesia and the UK was

The UK Government Minister in charge of International
Environment and Climate, Animal Welfare and Forests
expressed appreciation for the achievements by Indonesia
in improving forest governance. Purwadi Soeprihanto,
Secretary General of the Association of Indonesian Forest
Concession Holders, supports efforts to expand the
recognition and the acceptance of SVLK at a global level
saying "business to business cooperation needs to be
strengthened to promote the FLEGT VPA between
Indonesia, European Union and UK as well as to build
broad recognition of the Indonesian national standard at
the global level.


Low cost and efficient timber identification
Indonesia will develop a standardised system for wood
identification to support the promotion of sustainable
timber to the global market.

The Head of the Instrument Standardisation Agency in the
Ministry of Forestry, Ary Sudijanto, said that an accurate
and efficient species identification system and data centre
for easy and cheap identification and tracking of timber
will support verification and trade in sustainable timber.
This system could be the answer to the current situation
where customs officials and law enforcement officers have
difficulty to validate timber export documents.

A researcher from the National Research and Innovation
Agency (BRIN), Ratih Damayanti, revealed that to support
the development of a wood identification system Indonesia
has developed an Automatic Wood Identification
Application (AIKO-KLHK). She added “There are about
1,300 timbers that can be identified using AIKO-KLHK".
A portable device is currently being developed.


Public/private promotion of Lightwood
The Ministry of Trade, through the Directorate General of
National Export Development and Fairventures
Worldwide signed a memorandum of understanding on the
development of lightwood especially sengon (Albizia sp)
and jabon (Anthochepalus sp). The MoU was signed by
the Director General of National Export Development,
Didi Sumedi and CEO of Fairventures Worldwide Megan
King. In addition to the MoU, the Ministry of Trade and
Fairventures Worldwide also signed a Technical
Arrangement (TA) to follow up on the MoU in detail.

Activities to be undertaken include educating consumers
about the benefits of lightwood, establishing a lightwood
innovation centre and conducting training on the use of
lightwood. In addition, the Ministry of Trade and
Fairventures Worldwide will also promote the Timber
Legality Verification System (SVLK) in Europe fostering
2000 sengon wood farmers with an area of 2000 ha of
sengon plantations and distribute two million sengon


Social forestry aids economic recovery
Indonesia’s social forestry policy can deliver alternative
livelihood sources to rebuild the economy after the Covid-
19 pandemic as it will provide communities with access to
managed forests and assistance in marketing. This was
stated by Agus Justianto, Director General of Sustainable
Forest Management at the Ministry of Environment and
Forestry at the Asian Forest Cooperation Organization
Ministerial Meeting at the World Forestry Congress in


Indonesia seeks ASEAN cooperation in peatland

Indonesia has invited countries in Southeast Asia to work
closely together for sustainable peatland management in
support of economic growth and maintainance of
ecological balance. Indonesian Ambassador to the
Republic of Korea, Gandi Sulistyanto, said that tropical
peatland in Southeast Asia provides many benefits for the
region from providing timber and non-timber forest
products, water reserves and helping in flood control.
Ambassador Gandi said the Indonesian government is
strongly committed to managing peat ecosystems by
building a monitoring and control system for forest and
land fires.

A document outlining a sustainable peat management
strategy has been released which can serve as a guide for
ASEAN countries. Vong Sok, Head of the Environment
Division and Assistant Director of the Sustainable
Development Director at the ASEAN Socio-Cultural
Community said that a project for implementing
sustainable peat management is currently being piloted in
countries in the Mekong Delta.


EconomicgGrowth in the first quarter
Statistics Indonesia reported a 5.01% year on year growth
in the first-quarter attributed to recovering economic
activities post Covid-19 pandemic. Statistic Indonesia
Head, Margo Yuwono, also mentioned the growth was
built on a very low baseline. In the same quarter of 2021
economic growth was minus 0.7%.



   Export registrations revoked - timber companies

According to the Ministry of Commerce over 300 exporter
registrations have been revoked for the failure to abide by
the Central Bank regulations on foreign currency

The Central Bank issued a rule that foreign currency
export earnings must be deposited in a domestic bank
account within a defined time from the export date.

Export earnings for exports to Asian countries must be
credited within 45 days of the export date and export
earnings from exports to other countries must be deposited
to the bank account within 90 days of the export date.

According to a 6 May statement from the Ministry of
Commerce and the Central Bank the government will take
action against exporters who do not follow the amended
laws. Their export certificates will be suspended until the
earnings are banked as required.

In addition to the 346 companies who had their export
licenses revoked in 2021, this year, as of 27 April, 177
exporters have also had their licenses revoked for noncompliance
with the banking regulation.

It is learnt that about 40 timber manufacturers are among
the companies effected. Some complain they were
wrongly placed om the list of companies whose export
credentials should be revoked.

See: )

Energy companies withdrawing
ENEOS from Japan, Petronas from Malaysia and PTTEP
from Thailand announced their withdrawal from the
Myanmar energy sector.

ENEOS Holdings said it will withdraw from a gas project
in Myanmar days after its Thai and Malaysian partners
announced they would pull out. ENEOS is the latest
energy giant to retreat from the Southeast Asian country.
Malaysia's Petronas and Thailand's oil and gas
conglomerate PTTEP also announced their withdrawal.
Companies from France, the UK and Norway have left the


Solar projects cancelled
Myanmar’s administration has cancelled tenders invited
by the previous government for 26 solar power projects
and blacklisted the companies for breaching tender
regulations. In May 2020, the government of the day
invited bids for the construction of 29 ground-mounted
solar projects capable of generating a total of 1 gigawatt of
power under a 20-year build, operate and own contract.

Chinese companies and their consortia won the bids to
build 28 out of the 29 plants according to a release by the
Ministry of Electricity and Energy in September
2020. However, only three solar projects are currently
being implemented and the local media report Chinese
firms have delayed the other projects.


Myanmar to resume issuing tourist visas
Myanmar announced on 12 May that it will resume issuing
visas for visitors in an effort to help the tourism industry
devastated by the coronavirus pandemic and the political

Tourism is an important source of revenue for most
Southeast Asian nations and over the past six months most
have reopened and gradually dropped testing
requirements. Myanmar hosted 4.36 million visitor
arrivals in 2019 before the pandemic but the number fell to
903,000 in 2020 the latest year for which official statistics
are available.



  Rising costs impacting housing sector
An ‘Impact Assessment Survey’ reported in a press release
from the Confederation of Real Estate Developers'
Associations of India (Credai) says almost 40% of
developers have expressed concern that it is becoming
difficult to sustain their business owing to the rise in input
costs. 46% of developers foresee a delay in delivery
timelines of ongoing projects and 76% of developers will
only be able to continue for another six months if they
cannot find ways to bring down costs.

The survey also reports that the majority of respondents
predicted that the impact of rising input costs will add
around 10% in the price of properties. Credai points out
that while the rise in prices has been an ongoing issue for
the past two years the current situation, which has resulted
in prices of some of the raw materials skyrocketing by
over 110%, has made it impossible for developers.

Around two thirds of respondents said they will be forced
to temporarily stop procurement and shut construction
sites if raw material prices do not correct and if they
cannot find immediate relief from the ongoing situation.
As the second largest employer in the country any
slowdown or stoppage would directly impact the labour
force and the security of allied industries.

Credai’s President, Harsh Vardhan Patodia, said “For the
last one year, developers have been able to absorb the rise
in the cost of construction to steer the industry’s growth
post the pandemic. However, with thin margins this will
eventually have to be passed on to the buyers which may
not augur well for the industry’s growth momentum. As
the apex body for the real estate in the industry Credai
have been in dialogue with concerned ministries to seek
their intervention to avoid any delay in the delivery of
projects for homebuyers, help kickstart delayed projects
and save jobs.

Our recommendations included measures such as setting
fixed prices for raw materials, providing GST input credit
on these materials, incentivising or subsidising customers
through stamp duty discounts or waivers and reducing
interest rates“.


High domestic transport and shipping cost defeating

The impact on Indian exporters from rising sea freight
charges and container shortages is worse for those
companies in the east as goods have to be transported by
road to Mumbai, Visakhapatnam or Cochin to find
shipping opportunities. From Kolkata Port goods are
shipped either to Colombo or Singapore for transshipment.

It is generally agreed by businesses and the government
that this issue is unlikely to be resolved for several more

One exporter has, according to the report in the Times of
India, said transport cost per container adds around Rs.1
lakh and then are other charges such as for warehousing,
loading and unloading, which add up to another
Rs.30,000-40,000 per container. What is worse is that few
shipping lines are taking consignments from Kolkata to
Chittagong countries, resulting in Indian exporters losing
out to competitors.


Federation seeks policy change to release potential in
agroforestry sector
Plyreporter has highlighted a presentation ‘Small Policy
Shift – Big National Change’ prepared by the Federation
of Indian Plywood and Panel Industry (FIPPI) which was
sent to the government. This offers suggestions on how the
industry can support the ambition for an Atmanirbhar
Bharat (self-reliant India).

A letter written by the Federation President, Sajjan
Bhajanka, requested intervention in affecting a policy
change with potential for immense national impact
through self-sufficiency in production of agro-forestry
wood and development of wood based industry in India.

The FIPPI has said at present wood produced from
farmlands is classified as forest products requiring
regulatory clearances which it says discourages farmers
from growing trees. FIPPI proposed shifting agro-forestry
from forestry to the agriculture sector to release all the
economic benefits given agriculture to the farmers
engaged in agroforestry.

They also propose the removal of licensing requirements
for wood-based units and all other industries that primarily
use ‘farm wood’ as raw materials.



  Exports of wood and wood products to rise in 2022
According to the General Department of Customs exports
of wood and wood products (W&WP) in April 2022 are
estimated at US$1.5 billion, up by 7.3% compared to April
of 2021.

Exports of wood products alone in April of 2022 are
estimated at US$1.13 billion, up by 6.4% compared to
April of 2021.

In the first 4 months of 2022 there were 5 product groups
with export values over US$1 billion including wood and
wood products according to the Ministry of Agriculture
and Rural Development.

The Vietnam Wood and Forest Products Association has
indicated the focus of exports is on high value-added items
such as wooden chair frames, living and dining room
furniture and bedroom furniture reflecting Vietnam's
manufacturers strengths.

The timber industries still face many difficulties such as
the prolonged Covid-19infections and control measures
which disrupted the flow of of workers and the Russian
invasion of Ukraine. These issues have pushed up energy
and fuel costs and impaced production costs.

In particular the price of wood raw materials continues to
rise but businesses had to maintain production to meet

With the positive results achieved in the first months of
2022 it is forecast that Vietnam's exports of wood and
wood products in the first half of 2022 will increase by
around 5-8% compared to the same period of 2021.


In the previous report from Vietnam it was stated that “of the total wood
and wood product export revenue of US$14.8 million around half was
manufactured from acacia”. It should read US$14.8 billion.

Vietnam becoming major wood pellet exporter
Wood pellets are an emerging export commodity in
Vietnam. The production and export of this wood product
has expanded rapidly over the past 5 years and Vietnam
has become the second largest exporter of wood pellets in
the world after the US with exports of over 3 million
tonnes per year worth around US$400 million. Japan and
South Korea are Vietnam’s largest wood pellet markets.
Exports to these two markets account for over 95% of the
total export from Vietnam.

Vietnam’s wood pellet exports 2013 – 2021
Vietnam's wood pellet exports are rising. In 2021 the
export volume reached 3.5 million tonnes, worth US$413
million. Exports have been growing at between 10-20%

At present the volume and value of wood pellet exports to
Japan and South Korea are almost the same. In 2021 the
export to Japan and South Korea accounted for 43.8% and
56% of total wood pellet exported by Vietnam in volume
and 48.5% and 51% in value, respectively.

Wood pellet price
The price of wood pellets exported to Japan is more stable
than the export price to S. Korea. However, the price
growth rate in the Korean market is faster than the growth
rate in Japan. In particular, in the first months of 2020 the
price of wood pellets exported to S. Korea stood at about
70% of that exported to Japan. However, at the end of the
fourth quarter of 2021 the difference in prices in these two
markets narrowed.

In the first months of 2022 the price of wood pellet
exported to Korea increased sharply (US$150-160/tonne)
while the price in Japanese market ranged between
US$140 - 145 per tonne. The difference in price growth in
these two markets is mainly due to differences in the
duration and term of contracts signed by the Vietnamese

Size of export companies
The number of companies directly involved in wood pellet
export is relatively small and has not changed much in
recent years. In 2021 83 companies were involved in wood
pellet export, just 9 companies more than in 2020 and 6
companies added in 2019.

In 2021 of the 83 companies directly involved in exporting
wood pellets 8 companies have export volumes over
100,000 tonnes per company.

The annual export volume of these 8 companies accounted
for nearly two-thirds (67%) of the total exports. Of these 8
exporters there are 3 companies with export volume of
400,000 tonnes or more including 1 company with a large
export volume (714,000 tonnes, equivalent to 20% of the
total Vietnam’s wood pellet export in the year).

Information on the export size of the enterprise reveals the
following observations:

 In general, the number of wood pellet exporters is quite
small (less than 100 companies) partly due to limited direct
access to overseas markets;

 Wood pellet export remains mostly with some 15 largescale
producers and exporters;

 The small and micro companies represent a large
number of exporters but of small volumes.

 The number of companies engaged in wood pellet
export business (83 companies) is not corresponding to the
number of the producers (over 300 actors).

Raw material sourcing
Wood raw material input for pellet production, is usually
residues from harvesting plantations and mill residues. At
present Vietnam’s wood pellet production relies on 2 types
of raw material inputs:

Wood pellet as a byproduct of sawmilling and furnituremanufacturing
This type of wood pellet is produced mainly in the South-
Eastern provinces, including Binh Duong, Dong Nai, Ho
Chi Minh City which represents the major hub of
Vietnam’s wood industry. Producers in this area are using
imported raw material.

Wood pellet produced by using branches, tops of
plantation wood and other small-sized wood
Vietnam's plantation area and farm forests are
concentrated mainly in the Northern and Central regions
of the country. Wood pellet factories distributed in these
localities rely on raw material collected during plantation
harvesting and a smaller volume of residues from local
wood processing plants.


  Concession in the northern region of Brazil
The Brazilian Forest Service (SFB) has published details
of the forest concessions available in the Amana National
Forest in Pará State. Concessionaires will be permitted to
harvest timber and non-wood forest products under
sustainable forest management plans.

The concessions comprises three forest management units
totaling 229,300 hectares with an estimated annual cut of
120,000 cu.m of logs for an annual fee of around R$4,1
million. The concession notice was posted for public
consultation during two public hearings.

It should be noted that between 2019 and 2021
concessions in federal forests delivered R$73.3 million in
fees and produced 787,850 cu.m of roundwood which
corresponded to 47% of forest production in federal
concessions since 2010.

Technology and innovation in the Brazilian Amazon
Technology is being used in Brazil to increase
productivity, generate jobs, strengthen biomes and
ecosystems and simultaneously build wealth and
sustainability. These technologies are innovative, capable
of securing the forest and support local communities.

The Brazilian programme AMAZ, coordinated by the
Institute for Conservation and Sustainable Development of
the Amazon (IDESAM), selected several companies to
receive an initial investment of R$200,000 each with the
possibility of reinvesting another R$400,00 per year at end
of the process.

Altogether the companies in the north of the country in the
states of Acre, Amazonas, Mato Grosso, Pará, Rondônia
and Roraima have the potential to guarantee more than one
million hectares of preserved forests and absorb more than
700,000 tons of carbon annually.

The businesses that participate in AMAZ have very
diverse areas delivering direct and indirect support for
conservation of the Brazilian Amazon forest such as
implementation of agroforestry production; forest
recovery; manufacture of food supplements produced with
ingredients predominantly from Amazonian communities,
reduction of negative environmental impacts through
production chains with the participation of local
communities and promoting tourism through visits in
Brazilian Conservation Units.

Furniture sector exports grow
The Brazilian furniture sector started the year 2022 with a
high level of exports. In January exports of furniture
totalled R$275.6 million, an increase of 27% in relation to
the first month of the previous year. Timber products led
exports (87%) and traded R$238.6 million according to
data from IEMI, ABIMÓVEL and Apex-Brazil.

The main destinations for furniture exports were the
United States (the main market) accounting for 36% of
exports followed by the United Kingdom at 11%. Exports
to the UK increased by 79% compared to December 2021
and by 30% over the past 12 months. Significant growth
was seen in the value of furniture exports to the

After the positive great export performance in 2021 the
furniture market started 2022 on a good note optimism
according to the Bento Gonçalves Furniture Industry
Union (Sindmóveis). The main companies in the furniture
cluster in Bento Gonçalves and nearby regions (one of the
largest furniture clusters in the Southern Brazil) traded
more than US$14.2 million in the first quarter of this year,
a13% increase compared to the same period in 2021.

In the first quarter of 2022 the three main buyers of
furniture “made in Bento Gonçalves” were the United
States, Chile and Uruguay. The fastest growth among the
top ten export markets was in the United Kingdom (an
increase of 95% compared to the same period last year).


  Jump in particleboard imports from Brazil
Peruvian particleboard (PB) imports exceeded US$50
million in the first quarter of 2022 growing 78% in March
2022 and this drove first quarter 2022 year on year growth
to almost 40%,

Ecuador was, once again, the main supplier of PB with
shipments of US$18.1 million which represented an
increase of 24.5% year on year. Spain was the second
supplier at US$13 million, an increase of 25.2% compared
to the US$16.5 million shipped Q1 2021.

Shippers in Brazil achieved strong export growth of 66%
and were the third largest supplier of PB in the first quarter
of 2022 at US$11.4 million.

Peru commits to promote the use of sustainable wood
Peru, through the National Forestry and Wildlife Service
(SERFOR), participated in the XV World Forestry
Congress where it supported the declaration to promote
the sustainable production of wood that will conserve
forests, provide added value and mitigate climate change.

This declaration seeks to promote technical exchange,
experiences and learning in order to promote innovations
in sustainable forest management and value chains. It also
seeks to increase the use of sustainable wood-based
solutions within the Nationally Determined Contributions
by 2030.

In related news, during the 17th United Nations Forum on
Forests SERFOR General Manager, German Jaimes,
affirmed that Peru is committed to promoting sustainable
forest management to achieve the Global Forest Goals and
the implementation of the United Nations Strategic Plan
for Forests.

IMF - policy response in 2020 helped mitigate impact of
the pandemic

In cooperation with Peruvian officials the International
Monetary Fund completed a consultation on the state of
the economy at the end of April 2022.

A statement from the IMF says “Economic activity in Peru
rebounded strongly in 2021 from its deepest downturn in

The strong policy response in 2020 helped mitigate the
impact of the pandemic and created the conditions for a
rapid recovery. Progress in the vaccination campaign
allowed a gradual lifting of Covid-19 mobility restrictions.

Real GDP rose 13.3% in 2021, supported by robust
external demand, favorable terms of trade, and pent-up
domestic demand. Real GDP surpassed its pre-pandemic
level but remains below its pre-pandemic trend”.







Source:ITTO'  Tropical Timber Market Report

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