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Global Trends Review

Major trends of the week in the world’s forest industry.

Russian Timber Journal 04-2020: Opinion poll of Russian timber companies on the impacts of the coronavirus on outputs and sales; the Government of the Russian Federation approved a list of systemic timber enterprises and measures to support them; how the spread of COVID-19 affects operations of world timber companies (update)

Russian Timber Journal 04-2020: in mid-May 2020, WhatWood agency conducted an express survey of the largest timber industry players about how the coronavirus epidemic affected their production activities and the sales situation; the Government of the Russian Federation approved...

In 1Q 2020, China’s plywood exports fell 85%

May 20, 2020 ` 13:02  
According to China Customs, in 1Q 2020, China’s plywood exports were 1.85 million m³ valued at US$787.6 million, a drop of 85% and 82% respectively over the same period in 2019. The main markets for plywood exports in...

Impact of Covid 19 on timber markets: European Union

May 12, 2020 ` 13:36  
On 23 March, the Commission issued new practical advice on how to implement its Guidelines for border management, in order to keep freight moving across the EU during the current pandemic. To ensure that EU-wide supply chains continue...

World Forest Sector during the Pandemic: Poland

May 8, 2020 ` 15:19  
The coronavirus pandemic may cause the collapse of Polish furniture manufacturers, which face many production curtailments. The five main Polish furniture manufacturers estimate that the economic risk would be equivalent to two points of GDP, and asks that...

World Forest Sector during the Pandemic: China

May 6, 2020 ` 12:18  
According to the figures provided by the National Bureau of Statistics of China (NBS), the Purchasing Managers’ Index (PMI) in the manufacturing sector of China rose from a record low of 35.7 in February to 52 in March....

Impact of Covid 19 on timber markets: Italy

May 5, 2020 ` 11:50  
To cope with COVID-19, the country is going to allocate up to 20% of its GDP. With the quarantine, some furniture companies (Molteni, Poliform) cut back production. Natuzzi has also slowed down its operations and is looking for...

Japan: the decline to a slower pace of housing construction

May 4, 2020 ` 14:42  
Corona virus disrupts supply chain Japanese house builders are having shortage of housing materials since many are supplied from China and the supply is disrupted by wide spread of corona virus disease in China, reports ITTO. Since workers...

Russian Timber Journal 03-2020: how the spread of coronavirus (COVID-19) affects operations of world timber companies; the Russian Government to slash duties on pulpwood of Far Eastern species to zero and increase export quotas by the end of 2020; Russian Forest Industry Review 2019-2020

Russian Timber Journal 03-2020: coronavirus infection was recorded in many countries of the world, the development of the situation showed that COVID-19 has a direct impact on all areas of the economy, including the timber industry — forest...

Metsä Group’s sales drop in Q1 2020

April 29, 2020 ` 16:45  
According to the official website of the Metsa Group, in the first quarter of 2020, sales amounted to EUR 1.253 billion, which is 12.9% less than a year earlier. Operating profit for the reporting period decreased by 66.7%...

World Forests during the Pandemic: USA and Canada

April 29, 2020 ` 14:19  
The Canadian Government has announced that it would allocate CAD$82 billion (equal to 3% of its GDP) to support the economy. The measures announced provide for up to CAD$27 billion in direct support to Canadian employees and businesses...

World Forests during the Pandemic: Germany

April 27, 2020 ` 15:43  
Germany is going to give substantial help to its economy: the total fiscal measures declared by the authorities are worth €1.3 trillion (which is 37% of its GDP). Funds will be directed to help small businesses: all enterprises...