Overview of Global Hardwood Market - forestindustries.info · Overview of Global Hardwood Market ... plywood, flooring, ... •Analysis of timber products imported from VPA countries,

Overview of Global Hardwood Market

Rupert Oliver,

ITTO/EC Independent Market Monitor for the VPA process

Presentation structure

• ITTO FLEGT Independent Market Monitoring • Opportunity to improve quality of hardwood market intelligence

• Keen to work with EU TTFs

• Global hardwood trade• Overview

• Logs

• Sawn

• Plywood

• Market impact factors now and in the future

FLEGT Independent Market Monitoring

• Required in the text of some Voluntary Partnership Agreements (VPAs)

• Market impact of Timber Legality Assurance Systems

• Hosted by International Tropical Timber Organisation (ITTO)

• Funded by EC through DG International Cooperation and Development

• Budget: €4.4 million over 5 years (2014-2018)

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Source: IMM analysis of

Global Trade Atlas & UN

COMTRADE

FLEGT Voluntary Partnership Agreements

IMM Baseline Report

• Considers VPA partner role in global timber trade

• Reviews competitiveness of VPA partner timber in EU market

• Share in different market segments (logs, sawn, decking, plywood, flooring, furniture etc.)

• Systematic analysis of factors impacting on EU trade in timber from VPA countries

IMM Organisation• Centrally co-ordinated team of consultants

• VPA country correspondents to provide improved data on production, trade and investment trends in response to VPA

• EU Survey Team producing regularly updated data and systematic analysis of drivers of change including:• Analysis of timber products imported from VPA countries, their

distribution channels, EU applications, and substitution trends

• Interaction between VPA licensing and forest certification

• Impact of EUTR, public & private sector procurement policies, green building

• Keen to co-operate with EU TTFs

Sample output: “cleaned” data for 440799 “other sawn hardwood”

IMM-EFI “Reproducible analysis and on-line database of world trade flows”

Overview of global hardwood trade

Total value of trade in logs, sawnwood, mouldings/decking, veneer and plywood

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Source: IMM analysis of Global Trade Atlas (GTA) & UN COMTRADE

Includes all logs, sawn, mouldings/ decking, veneer, and plywood

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Source: IMM analysis of Global Trade Atlas & UN COMTRADE

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Note: China may have under-reported imports in period 2004-2011

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Note: China may have under-reported exports in period 2004-2011

Hardwood log trade

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Sawn hardwood trade

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* Due to lack of national export data, estimated from imports of partners.

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* Due to lack of national import data, estimated from exports of partners.

Hardwood plywood trade

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Source: IMM analysis of Global Trade Atlas, UN COMTRADE & EU COMEXT.

* Due to lack of national import data, estimated from exports of partners.

Barriers 2004-14

Barriers 2015-24

• Financial crises & fall out

• Product innovation in non-wood materials

• Shift in global economic activity to emerging markets

• Less availability of ‘big name’ tropical hardwoods

• Freight & transport factors

• EU production of panels & new surfacing technologies

• More hardwoods from Europe and N. America

• Global plantation expansion

• Wood modification

• Prefabrication in construction

• Exchange rate movements

Barriers 2004-14

Opportunities 2015-24

• Interior design trends

• Forest certification

• Environmental campaigns

• Marketing initiatives

• Architect and structural engineer’s timber knowledge

• Technical performance standards & CE Marking

• Green building

• Public procurement

• Corporate Social Responsibility

Neutral 2004-14

Opportunities 2015-24

• EU Timber Regulation (EUTR)

• FLEGT VPA process

• GSP and timber import tariffs

• Climate change/carbon footprint

• Hardwood use for higher value structural applications

IMM Baseline Report Systematic Review of Factors Impacting on EU market for timber from VPA countries

Some current issues

• “Weakness” in China and other emerging markets

• “Strong” dollar

• Falling oil price – heading towards $20 per barrel?

• Plant health – high political priority & precautionary approach

• Wood modification – extending hardwood applications

• Engineered hardwood for structural applications

• Life Cycle Assessment, carbon footprint, EPDs, and PEFs

• EUTR, VPA licensing & forest certification29

Thank you!IMM brochure availablewww.itto.int/imm

Rupert Oliver

[email protected]

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mailto:[email protected]

Overview of Global Hardwood Market - forestindustries.info · Overview of Global Hardwood Market ... plywood, flooring, ... •Analysis of timber products imported from VPA countries,

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