Overview of Global Hardwood Market. Rupert Oliver, Forest Industries Intelligence

Transcription

1 Overview of Global Hardwood Market Rupert Oliver, Forest Industries Intelligence

2 Global Trade Atlas (GTA) & UN COMTRADE Includes all logs, sawn, mouldings/ decking, veneer, and plywood 2

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5 Global Trade Atlas (GTA) & UN COMTRADE 5

6 Hardwood log trade 6

7 Global Trade Atlas (GTA) & UN COMTRADE 7

8 Total imports 14.3m MT in 2016, rising to 15.4m MT in 2017 Source: FII Global Trade Atlas (GTA) & UN COMTRADE 8

9 Global Trade Atlas (GTA) & UN COMTRADE 9

10 Sawn hardwood trade 10

11 Global Trade Atlas (GTA) & UN COMTRADE 11

12 Global Trade Atlas (GTA) & UN COMTRADE 12

13 Global Trade Atlas (GTA) & UN COMTRADE 13

14 Total imports 8.0m MT in 2016, rising to 9.2m MT in 2017 Source: FII Global Trade Atlas (GTA) & UN COMTRADE 14

15 Global Trade Atlas (GTA) & UN COMTRADE 15

16 Eurostat COMEXT 16

17 Hardwood veneer trade 17

18 Global Trade Atlas (GTA) & UN COMTRADE 18

19 Global Trade Atlas (GTA) & UN COMTRADE * Sharp rise in veneer exports follows log export bans in Myanmar (Apr 2014) and Ukraine (Nov 2015) 19

20 Global Trade Atlas (GTA) & UN COMTRADE * Sharp rise in veneer imports into India follows log export ban in Myanmar (Apr 2014) 20

21 FAOSTAT & Eurostat COMEXT 21

22 FAOSTAT & Eurostat COMEXT 22

23 Hardwood plywood trade 23

24 Global Trade Atlas (GTA) & UN COMTRADE 24

25 Global Trade Atlas (GTA) & UN COMTRADE 25

26 Global Trade Atlas (GTA) & UN COMTRADE 26

27 Hardwood market stasis No increase in value of global hardwood trade in last 15 years despite emerging market growth and natural advantages of hardwood Long term structural obstacles: Focus on limited range of species: oak, teak & rosewood Preference for logs in emerging markets (just beginning to change) Fragmentation at all levels: forests, trade & end-users Lack of investment in active forest management & efficient processing Inability to attract best personnel compared to other sectors Regulatory capture by special interests Existing certification frameworks add costs while market access and environmental benefits are debateable Substitute materials increasingly competitive on technical performance and neutralising the sustainability advantage 27

28 Hardwood opportunities Large & expanding demand in emerging markets (but must improve financial return) Economic growth in western markets (albeit slow and yet to translate into improved hardwood demand) Designers/engineers revived interest in real wood recognition for technical performance alongside sustainability Specific opportunities for greater use in structural applications and for wood modification to extend applications UNFCCC Paris Agreement: enhanced investment in hardwood forestry & market recognition of carbon content of harvested wood products? Sharper policy focus on illegal logging, due diligence, LCA and circular economy principles Modern technology to reduce costs of sustainability verification Increasing transparency and quality of industry data 28

29 Thank you! Rupert Oliver 29

30 Extra slides

31 Global Trade Atlas (GTA) & UN COMTRADE 31

32 Global Trade Atlas (GTA) & UN COMTRADE 32

33 EU imports of sawn tropical hardwood 12 month rolling total Dec-14 to Aug-17 Supply countries Destination countries Excludes intra-eu trade

34 EU imports of sawn temperate hardwood 12 month rolling total Dec-14 to Aug-17 Supply countries Destination countries Excludes intra-eu trade

35 Hardwood mouldings trade 35

36 Global Trade Atlas (GTA) & UN COMTRADE 36

37 Eurostat COMEXT 37

38 EU imports of hardwood plywood 12 month rolling total Dec-14 to Aug-17 Supply countries Destination countries Excludes intra-eu trade

39 EU end-user sectors 39

40 Eurostat PRODCOM 40

41 Eurostat PRODCOM 41

42 FEP, EPLF & Eurostat PRODCOM & COMEXT

43 FEP data & Eurostat COMEXT

44 Eurostat PRODCOM & COMEXT