Asia’s property markets are starting to recover from the economic shutdowns due to the COVID-19 pandemic. Singapore is a perfect example.
News in international markets
Japan’s Plywood Imports Increased Significantly in March 2020
Japan’s March 2020 imports of plywood rose 21% and there was a 10% month-on-month increase in import volumes as well.
UPM Plywood Announces Plans to Permanently Close Jyväskylä Finland Plywood Mill
UPM Plywood has announced that it intends to close their Jyväskylä Finland plywood mill.
Drought Poses Significant Threat to Austria’s Forestry Industry
Historical drought conditions threaten Austria’s forests
Russian Log and Lumber Export Volumes Down, Plywood Up in First Quarter
Russian forest product exports mostly down during the first quarter of 2020.
U.S. Imports of Tropical Hardwood Veneers Increases by 56% in March
According to a report issues by the International Tropical Timber Organization U.S. imports of tropical hardwood veneer recover from a dismal February as March imports rose by 56%.
China’s Plywood Export Plunge in First Quarter of 2020
China’s plywood exports for first quarter of 2020, when compared to the same period in 2019, suffered a loss of 85% in volume and 82% in value.
Australia Timber Industry Rushes to Save 2020 Bushfire Damaged Logs
After one of the harshest fire seasons on record, the race is now on in Australia to harvest and store timber and forest products before they become unusable.
Brazilian Exports of Wood-Based Products Decline in March
According to the International Tropical Timber Organization, Brazilian exports of wood-based product declined year-over-year 4.4% in value in March.
Japan’s Imports of Plywood Drop in February
According to the International Tropical Timber Organization, in February, Japan’s overall year-over-year imports of plywood dropped 17%.