European buyers showing more interest in African timbers

Kaynak:
ITTO/Fordaq
İzlenme:
510
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Producers in the region are reporting firm demand for padouk, okoume, ovangkol and even gheombi, a timber that was not common in the market until a year ago. Gheombi is used for door manufacturing. The timber has dark streaks but this is apparently appreciated in the Chinese market.

As a result of the disruption to beech supplies due to the Russian invasion of Ukraine buyers for the markets in European buyers are showing more interest in African timbers especially for timbers that could be alternatives for beech.

The availability of hardwoods from traditionally suppliers in Europe has become even more challenging since Russia's invasion of Ukraine encouraging importers to look more to tropical products. Producers have noted that demand from European buyers is more active than usual for the beginning of the European holiday season. In other news, in the first four months of 2022 Vietnam’s imports of logs and sawnwood from Cameroon increased compared to the same period in 2021 with imports of sawnwood in particular reached 70,000 cu.m at a value of US$31.92 million 72% up in volume and 74% in value. (See page XX).

While Vietnam’s imports of tropical timber have been rising there has been a slowing of demand for the Chinese market where it is reported there has been an accumulation of stocks.

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