Last week we spoke about the failing Russian economy as a result of falling oil prices and sanctions. On the home front the demand for wood products has slumped. What is the cause of this? Well in simple and straight forward terms it’s the Rouble being devalued by 50 per cent. This is a major problem for the Russian wood product sector it also has a knock-on effect throughout the whole economy.
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Not only has the Russian economy suffered from sanctions imposed by the E.U. and the U.S. as a result of its invasion of Ukraine but it is also suffering the massive loss of revenue from falling oil prices. To add to Putin’s woes the cost of some types of paper.
As a result on an ongoing labour dispute ports on the west coast of America are in danger of closure.
While this would have a major effect on the U.S. economy, from the point of view of this column our focus of concern is for the American furniture industry be it manufacture or retail.
According to the latest figures imports of Russian hardwood logs into the European Union has fallen.
The all-important figures were from the period January to September in 2013 and 2014. (more…)
As has been said many times before in this blog the best indicator of a country’s economic success or growth ratio is the level of its construction projects be that residential or commercial.
This can also be broken down further by analyses by including in those figures the refurbishment of buildings for living or working purposes.
A healthy or growing economy would therefore be vibrant in all the above areas of the building sector. (more…)
For a while now Brazil has struggled to sell sawn-wood to its domestic market, as always the economic situation within the country is a major contributory factor.
Rather than a dogged persistence to sell within its national boundaries Brazil looked to exports as a way of breathing much needed life in to the sawnwood sector. (more…)
Last week we reported on the state of plywood sales in Europe, this week we focus on the U.S. where as you would expect there will always be a demand for new builds.
Unlike countries in the Eurozone the U.S. is importing more plywood year on year. (more…)
Normally when we talk about Brazil and the timber industry quite often revolves around the deforestation of the Amazon so it is good to report on a new initiative that happening now in Paraná State a region of Brazil that produces the majority of the country’s timber products . The state government has developed a system called the Reverse Logistics plan (RLP.) The idea is that all materials and products from the state should be reused. (more…)
The market for plywood within the Eurozone is not expected to grow in the near future.
The main focus for plywood sales is of course the construction industry.
As you are aware from past reports the UK building sector is awaking from its slumber which as we all are aware is an indicator of a growing economy. (more…)
Although it has been an uphill struggle, the efforts of Brazilian exporters to convince the European market that their product is not only sustainable but also traceable has at long last paid off.
Figures released recently show that nearly a quarter of the entire Brazilian plywood production found its way to UK importers. It is predicted that the UK will take an even greater share in 2015. (more…)