Overview of Global Hardwood Market Rupert Oliver, Forest Industries Intelligence
Global Trade Atlas (GTA) & UN COMTRADE Includes all logs, sawn, mouldings/ decking, veneer, and plywood 2
Global Trade Atlas (GTA) & UN COMTRADE 5
Hardwood log trade 6
Global Trade Atlas (GTA) & UN COMTRADE 7
Total imports 14.3m MT in 2016, rising to 15.4m MT in 2017 Source: FII Global Trade Atlas (GTA) & UN COMTRADE 8
Global Trade Atlas (GTA) & UN COMTRADE 9
Sawn hardwood trade 10
Global Trade Atlas (GTA) & UN COMTRADE 11
Global Trade Atlas (GTA) & UN COMTRADE 12
Global Trade Atlas (GTA) & UN COMTRADE 13
Total imports 8.0m MT in 2016, rising to 9.2m MT in 2017 Source: FII Global Trade Atlas (GTA) & UN COMTRADE 14
Global Trade Atlas (GTA) & UN COMTRADE 15
Eurostat COMEXT 16
Hardwood veneer trade 17
Global Trade Atlas (GTA) & UN COMTRADE 18
Global Trade Atlas (GTA) & UN COMTRADE * Sharp rise in veneer exports follows log export bans in Myanmar (Apr 2014) and Ukraine (Nov 2015) 19
Global Trade Atlas (GTA) & UN COMTRADE * Sharp rise in veneer imports into India follows log export ban in Myanmar (Apr 2014) 20
FAOSTAT & Eurostat COMEXT 21
FAOSTAT & Eurostat COMEXT 22
Hardwood plywood trade 23
Global Trade Atlas (GTA) & UN COMTRADE 24
Global Trade Atlas (GTA) & UN COMTRADE 25
Global Trade Atlas (GTA) & UN COMTRADE 26
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
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
Thank you! Rupert Oliver rupert@forestindustries.info 29
Extra slides
Global Trade Atlas (GTA) & UN COMTRADE 31
Global Trade Atlas (GTA) & UN COMTRADE 32
EU imports of sawn tropical hardwood 12 month rolling total Dec-14 to Aug-17 Supply countries Destination countries Excludes intra-eu trade
EU imports of sawn temperate hardwood 12 month rolling total Dec-14 to Aug-17 Supply countries Destination countries Excludes intra-eu trade
Hardwood mouldings trade 35
Global Trade Atlas (GTA) & UN COMTRADE 36
Eurostat COMEXT 37
EU imports of hardwood plywood 12 month rolling total Dec-14 to Aug-17 Supply countries Destination countries Excludes intra-eu trade
EU end-user sectors 39
Eurostat PRODCOM 40
Eurostat PRODCOM 41
FEP, EPLF & Eurostat PRODCOM & COMEXT
FEP data & Eurostat COMEXT
Eurostat PRODCOM & COMEXT