Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Australian mass timber supply remains stable amid Red Sea tensions
Posted on February 12, 2024 |
Australia can handle its mass timber project demands without relying heavily on imports, although occasional shipments of cross-laminated timber, glulam, and laminated veneer lumber do occur.
Around 30% of timber imports through Australia's main seaport could face delays or disruptions due to the Red Sea conflict, prompting shipments to divert around the Cape of Good Hope instead of using the Suez Canal.
Industries like furniture are feeling the impact of these redirections, experiencing shortages in supply and higher freight expenses as a result.