Global wood pellet markets, both the heating and industrial sectors, have had significant growth in the past decade. Growth rates over the most recent four years of data has been about ten per cent annually; from about 19.5 million metric tonnes in 2012 to about 28 million metric tonnes in 2015, reports from FutureMetrics.

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The first manufacturer of cross-laminated timber (SmartLam) in the US, announced that it is expanding its operations to the East Coast by opening a new manufacturing facility in Maine.

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EU Wood Flooring Exports and Imports Decline

Recent strengthening of European currencies against the US dollar has helped boost the competitiveness of external suppliers of flooring to the EU market, but so far this has only slowed their decline in share and not led to any significant improvement in sales.

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Acimall’s market survey for Q4 indicates that 2018 will be a promising year for the wood technology industry.

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After the currency-driven global lumber price slump in 2015, market demand and prices both started to improve in 2016. While overall global demand improved modestly in 2017—at only half the rate of 2016—there have been supply disruptions and changing dynamics that created a wild and unpredictable market that surpassed everyone’s expectations. 

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India Manufacturers Increase Prices By 5%

Plywood manufacturers, under the aegis of Punjab Plywood Manufacturers Association (PPMA), organised a meeting which was presided over by association president Ashok Juneja.

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Russia

Russian softwood lumber exports to China increased by 23 percent year-on-year in the third quarter of 2017 and six percent amongst other export destinations with China accounting 57 percent of total exports.

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According to Transparency Market Research, the global luxury furniture market is set to grow at a CAGR of 5.8 percent from 2017-2022 with wooden luxury furniture likely to sell the most in the coming years.

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Selangor, Malaysia: The Malaysian Timber Council (MTC) has cut its 2020 timber exports target of RM53 billion—first set in 2009 by the government—down by between 43 percent and 53 percent to RM25 billion to RM30 billion, amid headwinds in the industry, according to The Edge Financial Daily. 

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Ho Chi Minh, Vietnam: According to Vietnam News, speakers at a seminar said that Sweden’s wood materials industry sees Vietnam’s wood processing industry as a potential market for its eco-friendly, competitive and sustainable materials.

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