At Centersource Technologies AB we are committed to the highest standards of ethical research and data integrity, guided by the ESOMAR Code of Conduct. Our data is sourced from a limited, anonymous market survey conducted with trusted and established industry participants. The insights derived from this survey reflect aggregated finalized prices as well as observed prices reported within the participants respective markets, with a focus on the highest prices recorded during the first two weeks of each month. These insights are provided for informational purposes only and are intended to indicate market trends rather than serve as comprehensive or fully representative market data.

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By integrating ESOMAR's ethical guidelines into our research methodology, we ensure that our practices are transparent, respectful of data confidentiality, and aligned with internationally recognized standards. This commitment not only reinforces the credibility of our insights but also builds trust with our stakeholders and industry partners.

Australian mass timber supply remains stable amid Red Sea tensions

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.