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Indonesian timber market saw an uptick in April as Global Timber Index reached 50.6%

Posted on May 22, 2023 |

The Indonesian timber market picked up in April as the Global Timber Index (GTI) surpassed the threshold value to reach 50.6%.

GTI tracks 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.

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