NEWS

China's timber manufacturers, at-risk forests in the Solomon Islands, and European importers are the focus of the Environmental Investigation Agency's recent report that claims that consumers of tropical plywood are inadvertently causing forest degradation. According to EIA, European companies appear to have imported thousands of tons of tropical-faced plywood that have a high risk of containing illegal wood, a violation of European law.

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIV, Issue XIII: The Far-Reaching Impact Of Russia's Log Export Ban | How China Cashes In On Illegal Pacific Timber | Markets Work: Strong Demand For Wood Sparks New Mills | Forests Are Crucial To Fighting Climate Change

Russia's proposed log export ban on high-value hardwoods and softwoods will have a far-reaching impact on global forest product markets if the law becomes effective, as scheduled, in January 2022. Russian exports account for almost 12% of all globally traded roundwood.

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The home-building and renovation boom could keep wood demand strong for the next ten years, says Weyerhaeuser CEO Devin Stockfish. While he expects years of strong demand, he believes the current price frenzy is not sustainable. This is supported by the recent construction of new sawmills and the expansion of capacity in existing sawmills.

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Illegal timber makes up between 15% to 30% of the global wood trade. China is a major buyer of the world's illegal wood, according to research by environmental NGOs. More than 90% of wood exports from Papua New Guinea, Solomon Islands, Tonga, and Vanuatu are shipped to China.

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