In November, there were positive signs of improvement in the timber sector downturn in Malaysia, Mexico, and other countries.
The GTI Report monitors the timber industry in 7 pilot countries, including China as the primary tropical timber consumer and 6 major tropical-timber-producing nations.
GTIs of the 6 producer countries were below the 50% threshold in November, indicating a decline in the sector.
However, values increased for all, suggesting a relief in the downward trend compared to the previous month.
Malaysia saw the most significant improvement, with a 9.9% point increase in the index, followed by Mexico with 5.9% points and Gabon with 4.6% points.
November, the peak season for China's timber market, saw increased demand and supply.
Brazilian enterprises participating in the GTI reported challenges like transportation disruptions due to rain, affecting on-time deliveries.
Despite increased log demand, it did not necessarily translate to greater profitability in wood production and manufacturing.
The GTI Report monitors the timber industry in 7 pilot countries, including China as the primary tropical timber consumer and 6 major tropical-timber-producing nations.
GTIs of the 6 producer countries were below the 50% threshold in November, indicating a decline in the sector.
However, values increased for all, suggesting a relief in the downward trend compared to the previous month.
Malaysia saw the most significant improvement, with a 9.9% point increase in the index, followed by Mexico with 5.9% points and Gabon with 4.6% points.
November, the peak season for China's timber market, saw increased demand and supply.
Brazilian enterprises participating in the GTI reported challenges like transportation disruptions due to rain, affecting on-time deliveries.
Despite increased log demand, it did not necessarily translate to greater profitability in wood production and manufacturing.