Producers in the Central\/West African region are reporting firm demand for padouk, okoume, ovangkol and even gheombi, a timber that was not common in the market until a year ago. Gheombi is used for door manufacturing. The timber has dark streaks but this is apparently appreciated in the Chinese market.<\/p>\n
As a result of the disruption to beech supplies due to the Russian invasion of Ukraine buyers for the markets in European buyers are showing more interest in African timbers especially for timbers that could be alternatives for beech.<\/p>\n
The availability of hardwoods from traditionally suppliers in Europe has become even more challenging since Russia's invasion of Ukraine encouraging importers to look more to tropical products. Producers have noted that demand from European buyers is more active than usual for the beginning of the European holiday season.<\/p>\n
EU27 tropical wood import value at highest level for a decade In the first three months of this year, the value of EU imports of tropical wood and wooden furniture was at a level not seen for over a decade. Import value was US$1.05 billion in the first quarter, a gain of 22% compared to the same period last year. It was also 16% up on the last quarter in 2021 when trade was already at a decadal high for that period of the year.<\/p>\n
EU27 tropical wood import value at highest level for a decade<\/strong><\/p>\n A large part of the gain in tropical wood import value in the first quarter this year reflected a rise in CIF prices, driven both by continuing high freight rates and severe shortages of wood and other materials due to logistical challenges during the global pandemic. In quantity terms, EU imports of tropical wood and wooden furniture products in the first quarter this year were, at 459,000 tonnes, up only 10% compared to the same period in 2021 and slightly below the pre-pandemic level of 479,000 tonnes in the first quarter of 2020.<\/p>\n Nevertheless, a robust rebound in EU economic activity following the COVID downturn did play a role to underpin stronger trade in tropical wood products during the first quarter this year. Rising activity in key sectors such as furniture and construction, particularly in private sector renovation, maintenance, and improvement (RMI), coincided with severe shortfalls in the supply of tropical wood alternatives. These shortfalls have become even more pronounced since Russia's invasion of Ukraine on 24 February greatly curtailed availability from Russia, Belarus and Ukraine.<\/p>\n Together these three countries accounted for over 50% of all wood fibre imported into the EU for outside the bloc last year. The curtailment of supplies from these countries is opening up new opportunities in the EU market for some tropical wood products, notably plywood and decking for which Russian birch and larch products have been important substitutes. The first quarter import data doesn't reveal any increase in share for tropical wood in the EU market, unsurprising as the full impact of the war in Ukraine on wood supply in the EU had yet to be felt in that period. However, EU imports from Russia and Belarus did begin to decline during this period and early beneficiaries of the opening supply gap appear to have been Norway, China and, most notably, Brazil (non-tropical products only).<\/p>\n Log Export Prices<\/strong><\/p>\n \u00a0<\/strong><\/p>\n Sawnwood Export Prices<\/strong><\/p>\n Producers in the Central\/West African region are reporting firm demand for padouk, okoume, ovangkol and even gheombi, a timber that was not common in the market until a year ago. Gheombi is used for door manufacturing. The timber has dark … Continue reading \n
\n West Africa logs, FOB<\/strong><\/td>\n \u20ac per m\u00b3<\/strong><\/td>\n<\/tr>\n \n Asian market<\/em><\/td>\n \n \n \n \n Acajou\/ Khaya\/N\u2019Gollon<\/td>\n \n \n 175<\/td>\n<\/tr>\n \n Ayous\/Ob\u00e9ch\u00e9\/Wawa<\/td>\n \n \n \n \n Azobe & Ekki<\/td>\n \n \n \n \n Belli<\/td>\n \n \n \n \n Bibolo\/Dib\u00e9tou<\/td>\n \n \n <\/td>\n<\/tr>\n \n Bilinga<\/td>\n \n \n -<\/td>\n<\/tr>\n \n Iroko<\/td>\n 300<\/td>\n \n \n \n Okoume (60% CI, 40% CE, 20% CS) (China only)<\/td>\n 225<\/td>\n 225<\/td>\n 220<\/td>\n<\/tr>\n \n Moabi<\/td>\n 280<\/td>\n 280<\/td>\n 250<\/td>\n<\/tr>\n \n Movingui<\/td>\n 180<\/td>\n \n \n \n Niove<\/td>\n \n \n \n \n Okan<\/td>\n \n 200<\/td>\n \n \n Padouk<\/td>\n \n 240<\/td>\n \n \n Sapele<\/td>\n 280<\/td>\n 280<\/td>\n 200<\/td>\n<\/tr>\n \n Sipo\/Utile<\/td>\n \n 260<\/td>\n \n \n Tali<\/td>\n 300\u2191<\/td>\n 300\u2191<\/td>\n \n \n
\n West Africa sawnwood, FOB<\/strong><\/td>\n \n \n Ayous<\/td>\n FAS GMS<\/td>\n 460\u2191<\/td>\n<\/tr>\n \n Bilinga<\/td>\n FAS GMS<\/td>\n 580\u2191<\/td>\n<\/tr>\n \n Okoum\u00e9<\/td>\n FAS GMS<\/td>\n \n \n Merchantable<\/td>\n 370<\/td>\n<\/tr>\n \n Std\/Btr GMS<\/td>\n 330<\/td>\n<\/tr>\n \n Sipo<\/td>\n FAS GMS<\/td>\n \n \n FAS fixed sizes<\/td>\n -<\/td>\n<\/tr>\n \n FAS scantlings<\/td>\n 520<\/td>\n<\/tr>\n \n Padouk<\/td>\n FAS GMS<\/td>\n 1,200\u2191<\/td>\n<\/tr>\n \n FAS scantlings<\/td>\n 1,400\u2191<\/td>\n<\/tr>\n \n Strips<\/td>\n 400\u2191<\/td>\n<\/tr>\n \n Sapele<\/td>\n FAS Spanish sizes<\/td>\n 460\u2191<\/td>\n<\/tr>\n \n FAS scantlings<\/td>\n 489\u2191<\/td>\n<\/tr>\n \n Iroko<\/td>\n FAS GMS<\/td>\n 600<\/td>\n<\/tr>\n \n Scantlings<\/td>\n 640\u2191<\/td>\n<\/tr>\n \n Strips<\/td>\n \n \n Khaya<\/td>\n FAS GMS<\/td>\n \n \n FAS fixed<\/td>\n \n \n Maobi<\/td>\n FAS GMS<\/td>\n \n \n Scantlings<\/td>\n \n \n Movingui<\/td>\n FAS GMS<\/td>\n \n