{"id":82866,"date":"2022-09-07T09:48:05","date_gmt":"2022-09-07T09:48:05","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/ukraine-war-creates-new-opportunities-eu-market-tropical-wood-products\/"},"modified":"2025-09-19T08:58:10","modified_gmt":"2025-09-19T08:58:10","slug":"ukraine-war-creates-new-opportunities-eu-market-tropical-wood-products","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/ukraine-war-creates-new-opportunities-eu-market-tropical-wood-products\/","title":{"rendered":"Ukraine war creates new opportunities in the EU market for some tropical wood products"},"content":{"rendered":"
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Between April and June this year, EU27 import value of tropical wood and wood furniture products was, in dollar terms, at the highest quarterly level since at least before the 2007-2008 financial crisis. Imports of US$1.27B during the second quarter of 2022 were 11% more than the previous quarter and 25% more than the same quarter the previous year.<\/p>\n

In the first six months of this year, import value of tropical wood and wood furniture totalled US$2.42B, a gain of 29% compared to the same period last year. Part of the gain in EU27 tropical wood product import value was due to a rise in CIF prices. This was driven by the combination of a sharp fall in the value of the euro against the dollar, continuing high freight rates, and severe shortages of wood and other materials. In quantity terms, EU imports of tropical wood and wood furniture products in the first six months of this year were, at 1,025,300 tonnes, up 15% compared to the same period in 2021.<\/p>\n

\"\"<\/a>Since the start of this year, the euro value has declined around 10% against the US dollar and is currently at the lowest level for 20 years. In mid-July, the euro hit parity with the US currency for the first time since 2002. The euro\u2019s slide underlines the foreboding in the 19 European countries using the currency as they struggle with an energy crisis caused by Russia\u2019s war in Ukraine.<\/p>\n

Usually such a sharp decline in the value of the European currency would lead to a reduction in imports as prices for goods from outside the EU escalated. However, this time it is different as importers and manufacturers are struggling in the face of critical wood supply shortages brought on by the lingering effects of the global pandemic and the more recent impact of the war in Ukraine. Importers have been more willing to follow the prices upwards than in previous periods of currency weakness.<\/p>\n

The curtailment of wood supplies from Russia and Belarus due to the sanctions imposed by the EU following the invasion of Ukraine in February 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\u00a0In the first six months of this year, tropical products accounted for 8.8% of the quantity of all wood and wood furniture products imported into the EU27, which compares\"\"<\/a>\u00a0to 6.8% during the same period in both 2021 and 2020. The gain in tropical wood share is due mainly to a large reduction in imports from Russia (-50% to 2.19 million tonnes) and Belarus (-26% to 1.31 million tonnes) during this period. After an initial fall in the early months of the war, EU27 imports from Ukraine recovered some ground in the second quarter and by the end of the first six months of this year were, at 1.03 million tonnes, only 1% down on the same period in 2021 (Chart 2).<\/p>\n

While tropical wood has made gains in the EU market this year, the largest beneficiaries of the opening supply gap due to the fall in imports from Russia and Belarus have been non-tropical wood products from Norway (+14% to US$2.45B), China (+21% to US$1.03B), Brazil (+86% to US$867M), Turkey (+37% to US$263M), Chile (+52% to US$54M), New Zealand (+31% to US$31M), Uruguay (+242% to US$23M), and South Africa (+154% to US$8M).<\/p>\n

Rise in EU27 import value across all tropical wood product groups<\/strong><\/p>\n

Nevertheless, there were significant increases in the value of EU27 imports of most wood product groups from tropical countries in the first six months of this year (Chart 3).<\/p>\n

\"\"<\/a>For wood furniture, import value of US$1043M during the January to June period was 22% more than the same period last year. For tropical sawnwood, import value of US$467M was 30% up on the same period last year.<\/p>\n

Import value of tropical mouldings\/decking was US$235M in the first six months of this year, a gain of 40% compared to the same period in 2021.<\/p>\n

There were also large gains in the value of EU27 imports of tropical joinery products (+49% to US$155M), tropical veneer (+24% to US$119M), plywood (+62% to US$118M), marquetry (+70% to US$63M) and flooring (+31% to US$43M) in the first six months of this year.<\/p>\n

Import value of tropical logs was US$31M between January and June, 22% more than the same period last year.<\/p>\n<\/div>\n

<\/h2>\n<\/div>","protected":false},"excerpt":{"rendered":"

Between April and June this year, EU27 import value of tropical wood and wood furniture products was, in dollar terms, at the highest quarterly level since at least before the 2007-2008 financial crisis. Imports of US$1.27B during the second quarter … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":95989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[3291,3248,3311,3493],"class_list":["post-82866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-eu","tag-imports","tag-russia","tag-tropical-wood","topic-forestry","topic-sawmilling","topic-wood-construction","topic-wood-furniture","topic-wood-based-panels","area-africa","area-asia-middle-east","area-europe","area-russia","area-south-america"],"acf":[],"yoast_head":"\nUkraine war creates new opportunities in the EU market for some tropical wood products - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/ukraine-war-creates-new-opportunities-eu-market-tropical-wood-products\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ukraine war creates new opportunities in the EU market for some tropical wood products - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Between April and June this year, EU27 import value of tropical wood and wood furniture products was, in dollar terms, at the highest quarterly level since at least before the 2007-2008 financial crisis. 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