The Indonesian timber market picked up in April as the Global Timber Index (GTI) surpassed the threshold value to reach 50.6%.
GTItracks the timber sector in 7 pilot countries and a value above 50% means growth in the industry.
However, in April, the GTI was down 50%, in Brazil, it reached 39.6%, in the Congo, it reached 26.3%, in Gabon, it reached 42.4% and in Mexico 44.1%, with no sign of a comeback.
Malaysia is having a comeback in the timber market with an increase of 8.5% points, but it is still below the threshold
In China, GTI grew by 55.8% as the number of new orders for wood and wood products rose for 3 straight months, increasing production and raw-material purchases.
GTI pilot countries took several efforts to promote the legal and sustainable timber trade and revive the sector.
GTItracks the timber sector in 7 pilot countries and a value above 50% means growth in the industry.
However, in April, the GTI was down 50%, in Brazil, it reached 39.6%, in the Congo, it reached 26.3%, in Gabon, it reached 42.4% and in Mexico 44.1%, with no sign of a comeback.
Malaysia is having a comeback in the timber market with an increase of 8.5% points, but it is still below the threshold
In China, GTI grew by 55.8% as the number of new orders for wood and wood products rose for 3 straight months, increasing production and raw-material purchases.
GTI pilot countries took several efforts to promote the legal and sustainable timber trade and revive the sector.