Indonesian forestry industry forecasts boost in exports in 2020
Indonesian’s wood products exports totalled US$11.6 billion in 2019, a 4 per cent drop from the previous year due to falling demand due to the ongoing trade war and the weak competitiveness of local products. Industry players, however, are more optimistic come 2020, thanks to policy reforms, reported Jakarta Post. Wood veneer, panel and woodwork products saw the sharpest declines, with annual exports plummet by 20 per cent, 16.14 per cent and 11.14 per cent respectively, said Association of Indonesian Forest Concessionaires (APHI) chairman Indroyono Soesilo. Wood panel exports ...
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