1. CENTRAL AND WEST AFRICA

  Aiming to diversify markets
Producers report a modest increase in the price of kiln-
dried Okoume destined for China. In contrast, Azobe
prices face downward pressure. Millers report low
recovery rates on large sections of Azobé (20×20 cm, for
instance). Some mills hope to shift to smaller Azobé sizes
to improve yield and are targeting the seasonal garden
market in Europe. Another challenge for exporters is the
high local transportation costs.

Demand is said to be firm for large Azobé ‘mats’ and
dragline sheets in the Netherlands but some mills in the
region are closed citing the slump in Chinese orders for
Okoume and redwoods. EU demand for Okan and Dabema
is reportedly weak.

As challenges mount in the EU market many producers are
looking to new destinations such as Vietnam or even
South America in order to diversify.

Regional update

Gabon
Frequent rains in up-country areas are keeping operations
at low levels. The GSEZ log yard reportedly has around
30,000 cu.m of Okoume logs for utilisation by enterprises
in the Zone.

It is reported that sawing-grade Okoume log prices have
risen to around 50,000 FCFA per cubic metre delivered,
plus around 20,000 FCFA per cubic metre in
transportation costs. Many mills, especially in Nkok,
continue to operate single shifts because of cautious
interest from Indian and Chinese buyers.

China’s purchases of timber remain low. The Philippines
continues to source Okoume, while Vietnam shows steady
interest in Tali and has begun purchasing Padouk. Demand
in Middle East markets has seen some improvement with
enquiries for Okoume, Iroko and Dabema.

Although orders from India, the Philippines and Vietnam
provide some relief the lack of demand in China continues
to restrain market growth. Steadier electricity supply is
helping mills operate more predictably but high transport
costs, weather-related road issues and regulatory
complexities still weigh on production volumes and profit
margins.

The government of Gabon has adopted a bill establishing
the general framework for investment in the country.

See: https://www.lenouveaugabon.com/fr/economie/0703-20524-
le-gabon-veut-proposer-des-avantages-fiscaux-et-douaniers-
pour-attirer-plus-d-investisseurs

In the coming months, several Gabonese craftsmen could
benefit from the support of Chinese experts in the use of
bamboo and rattan according to Pascal Ogowe Siffon,
Gabon Minister of Tourism and Crafts and Zhou Ping,
Chinese Ambassador to Gabon.

As the world's leading producer and user of bamboo and
rattan China has indicated it will support Gabon's
application for membership in the International Bamboo
and Rattan Organization (INBAR).

See: https://www.gabonreview.com/valorisation-du-bambou-et-
du-rotin-la-chine-prete-a-aider-le-gabon/

Cameroon
Political activities are picking up ahead of presidential
elections scheduled for the end of the year. Although
details remain sparse, local industry players anticipate
possible policy or administrative changes tied to the
political campaign. Beyond that, market conditions are
largely unchanged with mills continuing to operate under
existing regulatory pressures and subdued export demand.

No significant changes have been reported since the
previous update with harvesting, milling, transportation
and port operations continuing under broadly similar
conditions. Container availability remains sufficient and
no new disruptions have been announced. Demand from
China remains subdued while the Middle East maintains
moderate interest in species such as Iroko, Sapelli and
redwoods.

A recent development with the potential to influence
logistics was the Cameroon Economic Forum, held on 26-
27 February under the theme “Reviving Cameroon’s
Economy in a Rapidly Changing Global Landscape: What
Are the Key Solutions?”

Organised by the Cameroon Business Group (GECAM)
and presided over by Prime Minister, Joseph Dion Ngute,
the forum brought together public decision-makers,
international experts, and private companies to address the
country’s path to economic recovery.

Discussions emphasised three strategic pillars for logistics:
boosting trade flows with tailored solutions, accelerating
digitalisation and developing sustainable, eco-friendly
infrastructure. From a timber perspective improved
logistics may eventually help address transport and
infrastructural bottlenecks that continue to hamper milling
and export activities.

Republic of Congo
While the country’s oil exports remain solid timber
revenues are in decline leading to reports of layoffs in the
forest sector. The income from oil and mining has not
fully offset declining revenue from timber exports.

Harvesting in the Republic of Congo remains at reduced
levels due to diminished Chinese interest, prompting
sawmills to focus more on European demand. This shift
may risk oversupply in certain CITES-listed timbers.

The Philippines continues to buy Okoume, while Vietnam
shows stable demand for Tali and Padouk. Power supplies
in Brazzaville have stabilised, alleviating earlier electricity
disruptions that hampered mill operations.

The impact of the conflict in DRC is of concern. Although
the most recent fighting is concentrated in the eastern
DRC the conflict’s ramifications affect the broader Congo
Basin timber sector. While not verified it has been
reported that armed groups in the DRC are profiting from
illegal logging and charcoal production in protected areas
such as Virunga and Kahuzi-Biega National Parks.

These developments in the DRC pose potential
compliance risks for cross-border traders and could
eventually disrupt shared logistics corridors. Producers are
aware that given the recent developments in the DRC they
must be pay attention to log source documentation,
particularly critical to maintain access to European and
other international markets.

See: https://news.mongabay.com/2025/03/the-environmental-
toll-of-the-m23-conflict-in-eastern-drc-analysis/

Experts sought
As part of the development of projects in the Republic of
the Congo ATIBT is putting together a pool of experts and
consulting firms.

See: https://www.atibt.org/en/news/13611/identification-of-a-
pool-of-experts-and-consulting-and-technical-firms-for-
temporary-assignments-in-the-republic-of-the-congo

2. GHANA

  2025 Budget – businesses enjoy tax reliefs - awaiting
VAT reforms
The Government, through the 2025 Budget presentation
by the Finance Minister, Dr. Cassiel Ato Forson,
announced plans to abolish some taxes considered
unfavourable for business growth and the livelihood of
Ghanaians.

The Minister mentioned some taxes/levies would be
abolished prior to Parliamentary approval of the budget
such as the 1% Electronic Transfer Levy (E-Levy) on
Mobile Money, the Emission Levy on industries and
vehicles and the VAT on motor vehicle insurance policies
all of which are inline with the party manifesto.

According to the Minister these are measures principally
to help ease the pressure on the business sector including
manufacturing industries and Small Medium Enterprises.

Prior to the budget trade bodies such as the Association of
Ghana Industries (AGI), the Ghana Union of Trades’
Association (GUTA) and the Ghana National Chamber of
Commerce and Industries (GNCCI) underscored the need
for economic stability in the 2025 budget, stressing its
critical role in sustaining businesses and improving
livelihoods.

The Ghana Ports and Harbours Authority (GPHA) had
also called for the elimination of the Value Added Tax
(VAT) on transit goods which was seen as undermining
competitiveness.

With VAT at 22%, which businesses led by the AGI
consider hurt business operations, Dr. Forson assured that
the government will undertake comprehensive VAT
reforms this year with the aim to review the current
structure.

The Minister indicated the parameters for the VAT
reforms are likely to include abolishing the COVID-19
Levy; reversing the decoupling of GETFund (Ghana
Education Trust Fund) and NHIL from the VAT and
reducing the effective VAT rate for businesses. Other
measures include reversing the VAT flat rate regime,
upwardly adjusting the VAT registration threshold to
exempt micro and small businesses from the collection of
VAT and improving compliance through public education
and awareness.

The Minister was confident that by prioritising the
elements mentioned in the budget statement an
environment where businesses can thrive and be
competitive can be created which will drive economic
recovery. The AGI is yet to make any public
announcement on the budget and if the plan contains
strategies that will strengthen the local currency and lower
interest rates, as these measures that will positively impact
on the business community.

See: https://citinewsroom.com/2025/03/2025-budget-must-
ensure-economic-stability-guta/

Exports to ECOWAS dipped in 2024
According to the Timber Industry Development Division
(TIDD) data, Ghana’s export of wood and wood products
to the African market in 2024 accounted for 9% (25,477
cu.m) of total exports while, for the same period in 2023,
the volume was 36,245 cu.m.

The major destinations for Ghana’s wood product exports
to Africa included Egypt, Morocco and South Africa with
the ECOWAS sub-region alone accounting for 73%
(18,490 cu.m) of the total export volume in 2024. This
volume was below that slipped in 2023.



While Burkina Faso, Togo, Niger and Senegal were the
major markets within ECOWAS their contribution to the
overall export earnings dipped to 16,247cu.m in 2024
from 27,407cu.m in 2023.

Wood products exported included kiln dried sawnwood,
sliced veneer, poles and the main export item, plywood.

 

The data shows that all ECOWAS countries imported
plywood during the period. ECOWAS countries, except
Niger and Nigeria, recorded higher average unit prices for
wood products in 2024 as against 2023. The leading
plywood importing countries were Togo, Burkina Faso
and Niger.

Stakeholders engaged on emissions reduction/benefit
sharing plan
The Climate Change Directorate (CCD) of the Forestry
Commission (FC) organised a National Stakeholder
Engagement and Validation Workshop on the draft Benefit
Sharing Plan (BSP) designed for The REDD+
Environmental Excellence Standard (TREES) programme
areas. The two-day event highlighted actions contributing
to emission reductions and benefit allocations achieved
through programme progress.

In her welcome address, Miss Roselyn Fosuah Adjei,
Director, CCD, briefed participants on the proposed
agenda and challenged them to be candid with their
contributions to help boost livelihoods in local
communities and address issues of deforestation and forest
degradation.

The Reducing Emissions from Deforestation and Forest
Degradation and the role of sustainable forest management
along with conservation and enhancement of forest carbon
stocks are UN-backed frameworks aimed at combating
climate change. It sets requirements for accounting,
monitoring, reporting, verification, risk mitigation and
transparency where governments receive incentives to
reduce emissions through its market-based framework,
TREES. The CCD under the FC, serves as the National
REDD+ Secretariat, overseeing programmes and
collaborating with like-minded organisations.

See: https://fcghana.org/fc-holds-stakeholder-engagement-on-
the-draft-bsp-for-the-trees-programme-area/

Ghana remains strategic investment hub
The International Finance Corporation (IFC) remains
optimistic about Ghana’s economic prospects and
reaffirmed its commitment to supporting private-sector
growth.

Dahlia Khalifa, IFC’s Regional Director for Central Africa
and Anglophone West Africa, highlighted Ghana’s
resilience and economic potential in an interview with the
Business and Financial Times.

The IFC has injected more than US$2 billion into the
Ghanaian economy over the past decade with US$450
million disbursed in 2023 alone, a figure expected to be
higher in 2024.

Khalifa noted that the IFC is channeling its investments
into sectors with high employment potential including
agribusiness, light manufacturing and renewable energy,
adding that Ghana’s fundamentals remain strong despite
economic turbulence, positioning the country for sustained
growth.

See:
https://www.ghanaweb.live/GhanaHomePage/business/Ghana-
remains-strategic-investment-hub-despite-challenges-IFC-
2015128#google_vignette

3. MALAYSIA

  Timber industry, the third largest contributor to
commodity exports
The Malaysian International Furniture Fair (4-7 March
2025) set the stage for a dynamic furniture buying season
in Asia. At the opening of the Fair Datuk Seri Johari
Abdul Ghani, Minister of Plantation and Commodities
said Malaysia’s wooden furniture exports earned a total of
RM9.9 bil. in 2024 an 8.4% increase from 2023 with
wooden furniture exports accounting for almost half of the
total. “This achievement positions the timber industry as
the third largest contributor of our commodity exports,” he
said.

Johari said MIFF played a pivotal role in shaping and
elevating Malaysia’s furniture industry adding that the
platform enables businesses to showcase craftsmanship,
foster new partnerships and explore the latest trends in
design and manufacturing. “MIFF has rightfully earned its
place among the world’s top ten furniture trade shows and
proudly stands as Southeast Asia’s largest and longest-
running furniture fair,” he said.

See:
https://www.thestar.com.my/news/nation/2025/03/01/malaysia03
9s-export-of-wood-furniture-grew-84-to-rm99bil-last-
year#goog_rewarded

Strengthening efforts on forest conservation
Nik Nazmi Nik Ahmad, Minister of Natural Resources and
Environmental Sustainability, is reported as saying
Malaysia is strengthening efforts on forest conservation
through innovative financing strategies.

He said the Ministry has been exploring mechanisms such
as green bonds, sukuk (Sharia-compliant financial
certificates), carbon taxes and sustainable investments to
ensure that conservation efforts are adequately funded.

 “To address the funding gap, Malaysia introduced the
Forest Conservation Certificate (FCC) in May 2024
through the Malaysia Forest Fund, an initiative designed to
facilitate private sector investment in forest conservation
projects.

Former Perak State Park Director, Shah Redza Hussein, is
the Chief Executive Officer of the Malaysia Forest Fund
(MFF), a federal government agency working to channel
financing towards forest conservation, protection and
management in the country.

See: https://thesun.my/malaysia-news/malaysia-strengthens-
forest-conservation-with-innovative-financing-nik-nazmi-
NG13738137
and
https://www.eco-business.com/news/malaysia-forest-fund-
appoints-shah-redza-hussein-as-ceo/

Unfavourable market conditions – mills closing
One of the big six timber companies in Sarawak closed its
loss-making plywood manufacturing business on 1
January this year.

According to the company, the timber business has, in
recent times, contributed little to the group because of the
weak market demand and strict operational requirements
related to timber certification. The other challenge is
competition in the Japanese market from plywood
manufactured locally from domestic softwoods.

The Malaysian media has reported another of the big
groups in Sarawak reported losses from timber related
business in 2024. The media has also reported a third
member of the big six timber companies in Malaysia has
voluntarily withdrawal its MTTC timber certification in
the Gerenai Forest management Unit.

MTCC Communications and Marketing Director,
Muhammad Hasif Azizan, said the reasons cited for the
withdrawal were unfavourable market conditions and an
inability to sustain forest operations.

See: https://www.thestar.com.my/business/business-
news/2025/03/10/wtk-exits-loss-making-plywood-
manufacturing-ops
and
http://theborneopost.pressreader.com/article/282153592025030
and
http://theborneopost.pressreader.com/article/281608131175979

Environment compliance audit course
The Borneo Post has reported the Natural Resources and
Environment Board (NREB) has appointed an official
training provider for the Environmental Compliance Audit
(ECA) Training Course. This course equips potential
auditors with the necessary knowledge and skills to
conduct ECA effectively.

Successful completion of the course is one of the key
competencies required to qualify as an NREB Registered
Environmental Auditor.

To enhance environmental compliance and risk
assessment in project development the NREB introduced
the Natural Resources and Environment (Audit) Rules
2008 which were gazetted in 2008 and came into force in
2013. The Rules aim to improve regulatory adherence,
mitigate environmental risks and promote self-regulation
among project proponents.

See:
http://theborneopost.pressreader.com/article/281663965748503

4.  INDONESIA

 

Processed wood (prices per cu.m)
Processed wood products which are leveled on all four
sides so that the surface becomes even and smooth with
the provisions of a cross-sectional area of 1,000 sq.mm to
4,000 sq.mm (ex 4407.11.00 to ex 4407.99.90)

Processed wood products which are leveled on all four
sides so that the surface becomes even and smooth of
Merbau wood with the provisions of a cross-sectional area
of 4000 mm2 to 10000 mm2 (ex 4407.11.00 to ex
4407.99.90) = US$1,500/cu.m

See: https://jdih.kemendag.go.id/peraturan/keputusan-menteri-
perdagangan-republik-indonesia-nomor-219-tahun-2025-tentang-
harga-patokan-ekspor-dan-harga-referensi-atas-produk-
pertanian-dan-kehutanan-yang-dikenakan-bea-keluar

Furniture sector performance
At the opening of the 2025 Indonesia International
Furniture Expo (IFEX) the Deputy Minister of Industry,
Faisol Riza, stated the national furniture and craft industry
continues to record growth amidst global uncertainty
adding "we appreciate the Indonesian Furniture and Craft
Industry Association (HIMKI) as an Association of the
furniture and craft industry which continues to synergise
with the government and other associations in making
efforts that have proven to have a positive effect on the
Indonesian furniture industry, so that the market can
continue to grow."

The Deputy Minister added that industry players can take
advantage of growth in the domestic market to expand and
become more competitive.

To support the furniture sector the Ministry of Industry has
developed various strategies that focus on facilitating the
availability of raw materials by coordinating with related
ministries and institutions to improve the supply chain of
raw materials for the furniture industry through the
facilitation of the Furniture Industry Raw Material
Logistics Center.

See: https://emitennews.com/news/industri-furnitur-catat-
pertumbuhan-207-persen-di-2024

Furniture makers face challenges when exporting
Abdul Sobur, General Chairperson of the Indonesian
Furniture and Craft Industry Association (HIMKI), has
raised concerns that the government budget savings are
challenging the potential expansion of exports and leading
to reduced spending on industrial products.

He stated that Association members rely on government
support for international exhibition programmes to
enhance international and domestic market share. Against
this background Sobur is reported as saying "we hope the
government, the ministry of industry and the ministry of
trade will support participation in the exhibition in Dubai
as Indonesia needs to target emerging markets.

According to Sobur, international exhibitions are vital for
the furniture industry, particularly for those companies
that lack financial resources. Meanwhile, financially stable
furniture manufacturers are expanding into non-traditional
markets such as China, the Middle East and India.

Sobur also mentioned that the impact of government
budget cuts could negatively affect domestic sales
performance because of a cut in government spending on
desks and chairs for schools as well as furniture for
government offices.

In related news, the HIMKI is preparing for the possible
implementation of import tariffs in the US. HIMKI
General Chair, Abdul Sobur, emphasised that Indonesia
must diversify its export markets by targeting non-
traditional regions.

Sobur said “historically, we have relied too heavily on the
American market which accounts for over 50% of our
exports and Europe which makes up 35%. Sobur
underscored the need for the local industry to remain
vigilant regarding US trade policies as the US represents
one of the largest markets for the furniture industry.

However, he acknowledged that expanding exports to non-
traditional markets presents various challenges. To
facilitate this expansion, Sobur suggested the government
could play a supporting role, particularly by promoting
bilateral agreements through free trade agreements (FTAs)
with countries that are potential export destinations.

See: https://www.msn.com/id-id/ekonomi/ekonomi/prabowo-
hemat-anggaran-pengusaha-mebel-kesulitan-ekspor/ar-
AA1Am2qD?ocid=BingNewsVerp
and
https://voi.id/en/economy/465963
and
https://www.msn.com/id-id/berita/other/kebijakan-tarif-as-bikin-
industri-mebel-ketar-ketir/ar-AA1AnHsN?ocid=BingNewsVerp

Promoting high-quality furniture in Vietnam
The Consulate General of the Republic of Indonesia
(KJRI) in Ho Chi Minh City supports Indonesian furniture
companies in their efforts to enter the Vietnamese market.
Several Indonesian furniture companies participated in the
VIFA Expo 2025, held in Ho Chi Minh City from March 5
to 8.

The Indonesian products showcased at the VIFA Expo
2025 included indoor furniture made from engineered
wood panels, sofas and mattresses. The strength of
Indonesian furniture products lies in their quality and
design which are recognised by buyers as having high
value according to the KJRI.

See: https://www.idxchannel.com/news/indonesia-promosikan-
produk-furnitur-unggulan-ke-pasar-vietnam

Forest Law revision centres on green energy,
indigenous peoples' rights
Revision of the Forestry Law has been included in the
2025 Priority National Legislation Programme and the
main agenda for discussion in Commission IV of the
House of Representatives with focus on strengthening
green energy campaigns and indigenous peoples’ rights.

This revision highlights aspects that focus on the
development of sustainable biomass energy in order to
achieve the target of national energy self-sufficiency.

Several crucial points in this revision include the
allocation of production forests for biomass energy,
licensing regulations for green energy investment, fiscal
incentives for green technology and strengthening
indigenous peoples' rights through energy partnership
schemes.

Member of the House’s Commission IV, which oversees
agriculture, environment, forestry and maritime affairs,
Rokhmin Dahuri, emphasised that in order for the forestry
sector to contribute to sustainable economic growth, there
are five key aspects that must be addressed.

"We must strengthen forestry spatial planning through the
Forest Use Agreement (TGHK), implement an appropriate
silviculture system and strengthen the forestry industry
supply chain from upstream to downstream.

He added, indigenous peoples must have rights in forest
management, and governance must also be improved so
that policies are more integrated," These comments were
made in a discussion on "Policy Direction of the Forestry
Bill and Its Correlation to Energy Self-Sufficiency" held
by the Indonesian Parliamentary Center.

See:https://indonesiabusinesspost.com/3744/capitol-influence-
and-lobbying/forestry-law-revision-centers-on-green-energy-
indigenous-peoples-rights

Promoting technological integration for sustainable
forest production
At a recent event, Krisna Septiningrum, Director of Forest
Products and Plantation Industry, Ministry of Industry,
said "the key to the competitive advantage of the wood
processing industry is a sustainable supply of wood raw
materials and modernisation of machinery and
technology".

On the same occasion, Indroyono Soesilo, Chairman of the
Indonesian Forestry Community Communication Forum
(FKMPI) encouraged the integration of technology for
sustainable forest production and supply chain efficiency
to continue to spur export performance.

Indroyono highlighted the importance of plantation forests
in supplying raw materials for the wood industry and the
challenges faced, including tenure issues. To increase
global competitiveness the FKMPI encourages
diversification of wood-based products, expansion of
export markets to the Middle East and Africa, and
increased investment through partnerships with the UK,
Germany, Japan, South Korea and the European Union.

See: https://forestinsights.id/fkmpi-dorong-integrasi-teknologi-
untuk-produksi-kehutanan-berkelanjutan/#

Building capacity in satellite data interpretation
The Food and Agriculture Organization (FAO) has trained
local experts in remote sensing techniques critical for
monitoring the world’s forest and mangrove ecosystems.
Fifty national representatives convened in Lombok for a
workshop which was organised with financial support
from the European Union.

By establishing a network of satellite image interpreters in
Indonesia the workshop contributes directly to FAO’s
Remote Sensing Survey (RSS) which in turn provides data
for the Global Forest Resources Assessment (FRA) the
largest examination of forest resources across the globe.

"Through this workshop national remote sensing experts
were empowered with knowledge to generate high-quality
estimates in order to contribute to the transparency and
accessibility of essential data on forests," said Adolfo
Kindgard, FAO Forestry Officer.

See: https://indonesia.un.org/en/290405-fao-builds-
indonesia%E2%80%99s-capacity-satellite-data-interpretation-
assess-forest-area

5. MYANMAR

   Private plantations
Some say it is time to assess whether the outcomes of
initiating private plantations in 2005-06, imposing the log
export ban in 2014 and implementing the one-year
nationwide logging moratorium in 2016-17, along with the
ten-year moratorium in the Bago Region (until 2026-27)-
have delivered expectations.

The log export ban and logging moratorium were one-time
policy decisions with success dependent on external
factors beyond ongoing efforts, while private plantation
development remains the only initiative still progressing.

Products from private plantation forests are increasingly
seen as vital, especially as timber from natural forests is
largely excluded from international markets due to
sanctions. To ensure long-term market sustainability,
strengthening forest certification and timber legality
assurance systems are essential. Even if initial efforts rely
on national standards without immediate international
recognition, they lay the foundation for future acceptance.

See:
https://www.itto.int/direct/topics/topics_pdf_download/topics_id
=6691&no=1&disp=inline

Easing of procedures for furniture and flooring exports
requested
U Aung Kyaw Moe, Vice President of the Myanmar
Wood-Based Furniture Manufacturers Association has
indicated a proposal was submitted to the Forestry
Department to allow the export of locally produced
finished wooden furniture and flooring with streamlined
and simplified documentation.

Myanmar exports finished wooden furniture and finished
wood flooring to India, Singapore and Japan every year.
Currently, furniture is exported to India while flooring
called Myanmar Flooring is also exported to Singapore
and Japan.

Russian investment in Dawei SEZ
Myanmar and Russia signed an investment cooperation
agreement for the Dawei Special Economic Zone (SEZ)
which includes a port and an oil refinery. The
announcement coincided with the fifth meeting of the
Russia-Myanmar Intergovernmental Commission on
Trade and Economic Cooperation. The meeting
covered nine agreements on economic infrastructure,
banking, education, communication, technology and
humanitarian cooperation.

Russian Minister of Economic Development Maxim
Reshetnikov and Myanmar's Union Minister for
Investment and Foreign Economic Relations, Dr. Kan
Zaw, led the discussions. The Dawei SEZ, spanning 196
square kilometres on the Andaman coast is envisioned as a
hub for high-tech industries, transportation, IT and export
processing according to the Russian Ministry of Economic
Development.

See:- https://elevenmyanmar.com/news/russia-and-myanmar-
sign-investment-agreement-for-dawei-special-economic-zone-
including-port-and

FAFT briefed on National Strategy for Anti-Money
Laundering Law.
The Financial Action Task Force (FATF) has again
Flagged North Korea, Iran and Myanmar as High-Risk
Jurisdictions placing them at the most critical level on its
blacklist.

The Myanmar Central Bank Governor attended the latest
FATF session to outline the country’s efforts in combating
money laundering and implementing its National Strategy
for Anti-Money Laundering Law.

See: https://www.fatf-gafi.org/en/publications/High-risk-and-
other-monitored-jurisdictions/Call-for-action-february-2025.html

6. INDIA

  Pause in sawnwood price increases
The annual rate of inflation based on the all India
Wholesale Price Index (WPI) was 2.31% in January 2025.
The positive rate of inflation in January was primarily due
to increases in prices of manufactured food products, food
articles, other manufacturing, non-food articles and
manufacture of textiles.

The index for the manufacturing sector increased to 143.2
in January 2025 from 143.0 in December 2024. Out of the
22 NIC two-digit groups for manufactured products, 15
groups witnessed an increase in prices, 5 groups witnessed
a decrease in prices and 2 groups witnessed no change in
prices.

Some of the important groups that showed month on
month price increases were other manufacturing,
manufacture of food products, machinery and equipment;
chemicals and chemical products, pharmaceuticals along
with medicinal chemical and botanical products.

Some of the groups that witnessed a decrease in price were
manufacture of basic metals, fabricated metal products
(except machinery and equipment) wearing apparel,
beverages and transport equipment. Of the wood products
tracked the price index for wood panels rose in January as
did the index for veneers. The Index for sawnwood
dropped in January after a sharp rise in December 2024.

See: https://eaindustry.nic.in/pdf_files/cmonthly.pdf

Quality Control Order entered into force
The correspondents reports the Indian Quality Control
Order has entered into force and imported wood-based
products are now restricted as the overseas suppliers
require a license issued by an Indian government body to
ship wood based panels to India.

Time will tell if this decision benefits the end-user or the
prices rise. The trade is awaiting clarification from the
government on how the new standards will apply and
whether there are exemptions.

Local company championing eucalyptus planting
A MDF company is encouraging farmers to grow
eucalyptus in order to promote sustainability and resource
renewal. The company says eucalyptus as a renewable
crop known for its rapid growth making it an ideal
resource for engineered boards. With growth rates 6 - 12
feet annually eucalyptus provides a sustainable alternative
to traditional hardwoods.

As part of its commitment to sustainability the company
actively supports reforestation. In 2024 the company
distributed 5.5 million eucalyptus saplings to support
reforestation with an ambitious goal to distribute 20
million saplings this year.

See: https://plyinsight.com/action-tesa-championing-a-nature-
friendly-revolution-to-enhance-wood-reserves-2/

Expanding bamboo production for industrial use
The Tripura State government (North East India) has a
five-year plan to expand bamboo forests for industrial use
to 45,000 hectares. At present 70% of the country’s
bamboo incense sticks are from Tripura and the State
government is keen to expand production.

Leading the initiative is Mission Director, Subhash
Chandra Das, who said “Tripura produces bamboo on
461.32 hectares exclusively for industrial use and we plan
to increase that by 45,000 hectares in five years.” The
objective of this plan is to supply bamboo for commercial
and industrial purposes.

There are challenges in the bamboo production sector,
especially transportation. “Transportation of bamboo from
dense forests or hilly areas has emerged as a major
challenge,” Das said. Mr. Das added that the project is
mobilising farmers to create bamboo plantations to ensure
sustainable incomes.

See: https://www.ptinews.com/story/national/from-461-to-45k-
hectares-tripura-s-bold-bamboo-expansion-drive-for-industrial-
use/2318625



Plywood
The recently announced price increases have not been
introduced as domestic demand is weak.

7. VIETNAM

   Wood and Wood product (W&WP) trade highlights
According to Vietnam Customs W&WP exports in
February 2025 earned US$1.03 billion, down 28%
compared to January 2025 but up 34% compared to
February 2024. Of the total, WP exports fetched US$665.7
million, down 32% compared to January 2025, but up 39%
compared to February 2024.

In the first 2 months of 2025 W&WP exports totalled
US$2.45 billion, up 9% over the same period in 2024 of
which WP exports alone contributed US$1.65 billion, up
9% over the same period in 2024.

Vietnam's W&WP imports in February 2025 reached
US$220 million, up 11.4% compared to January 2025 and
up 79.9% compared to February 2024. In the first 2
months of 2025, W&WP imports totaled US$418 million,
up 22.0% over the same period in 2024.

WP exports to the UK in February 2025 were valued at
US$19.8 million, up 78% compared to February 2024. In
the first 2 months of 2025 W&WP exports to the UK
earned US$45.4 million, up 39% over the same period in
2024.

While W&WP exports to major markets were on a
downward trend in the first month of 2025 exports to the
UK has been growing positively

In February 2025 kitchen furniture exports brought in
about US$85 million, up 67% compared to February 2024.
In the first 2 months of 2025 kitchen furniture exports
earned US$198 million, up 11% over the same period in
2024.

Vietnam's ash imports in February 2025 totalled 38,500
cu.m worth US$9.6 million, up 8% in volume and 10% in
value compared to January. In the first 2 months of 2025,
imports of ash totalled 70,600 cu.m, worth US$17.5
million, up 14% in volume and 11% in value over the
same period in 2024.

Vietnam's W&WP exports to South Korea in February
2025 were valued at US$45.6 million, up 8% compared to
February 2024. In the first 2 months of 2025 W&WP
exports to South Korea earned US$119 million, up 6%
over the same period in 2024.

In February 2025, Vietnam’s bedroom furniture exports
earned US$134 million, an increase of 66% compared to
February 2024. In the first 2 months of 2025 bedroom
furniture exports contributed US$319 million, up 15.4%
over the same period in 2024.

Vietnam's pine wood imports in February 2025 were
63,300 cu.m, worth US$12.9 million, up 9% in volume
and 11% in value compared to January 2025. Compared to
February 2024 imports increased by 31% in volume and
23% in value.

In the first 2 months of 2025, pine wood imports were
reported at 114,800 cu.m, worth US$23.1 million, up 8%
in volume and down 2% in value over the same period in
2024.

Vietnam’s imports of log and sawnwood from the EU in
January 2025 amounted to 53,945 cu.m, with a value of
US$17.32 million, down 8% in volume and down 6% in
value compared to December 2024 but up 7% in volume
and 12% in value compared to January 2024.

Vietnam’s exporters brace for tariff hike
Vietnamese exporters are seeking strategic solutions to
mitigate the impact of potential US tariffs on lumber and
forest products.

The US Department of Commerce has launched an
investigation into sawnwood imports with potential tariffs
of up to 25% on wood and forestry products set to take
effect in April. The prospect of these tax changes has
raised alarm among Vietnamese wood industry players as
they could have a profound impact.

Mr. Ngo Sy Hoai, Vice President and General Secretary of
the Vietnam Timber and Forest Products Association
(VIFORES), emphasised that the proposed tariffs would
create serious challenges for businesses in both countries.
In response, VIFORES and key businesses in the sector
are closely monitoring developments and preparing for
potential countermeasures.

The Association is ready to answer any inquiries from US
authorities and to participate in hearings if requested.
Their goal is to demonstrate that the trade relationship
between Vietnam and the US in the wood sector is
mutually beneficial rather than adversarial.

“Vietnam is among the top surplus exporters of wood
products to the US, primarily in furniture. Given the
significance of the US market, companies involved in the
supply chain are understandably concerned. We hope that
the relevant authorities from both countries can find
common ground to ensure mutual benefit,” said Mr. Hoai.

Mr. Do Ngoc Hung, Vietnam’s Trade Counselor in the US
noted that, while American tariff policies on imports could
create new export opportunities for Vietnam, they also
introduce risks that require close monitoring.

He emphasised the need for Vietnam to closely track US
trade policies and tariff measures, adjust strategies
accordingly and strengthen coordination with Vietnam’s
Ministry of Industry and Trade as well as the country’s
trade office in the US to stay informed and develop
counter-measures.

Furthermore, businesses should carefully review their
production and export plans as countries subjected to US
tariffs may implement protective trade measures
increasing competition for Vietnam’s export market.

According to Vietnam’s General Department of Customs
in 2024, the US remained Vietnam’s largest wood product
export market with exports reaching US$8.17 billion.

Vietnam’s total wood product and wooden furniture
exports in 2024 exceeded US$16.28 billion, a 21%
increase compared to 2023. In January 2025 alone, wood
and forest product exports reached US$1.42 billion,
placing them among the top seven export commodities
generating over US$1 billion. The sector accounted for
68% of the country’s total exports.

See: https://antidumping.vn/vietnams-wood-exporters-brace-for-
potential-tariff-hike-n28520.html

Speaking at the Vietnam Furniture Industry Outlook 2025,
Đỗ Ngọc Hưng, trade counselor and Head of the Vietnam
Trade Office in the US said “if the US increases tariffs it
will have a negative impact on Vietnam’s wood industry."

The Vietnamese wood industry has set a growth target of
10-15% in 2025 and under normal trade conditions this is
a rather modest target. However, given the current global
trade situation it is difficult to say if the industry will be
able to realise this goal, said Đỗ Ngọc Hưng.”

Ngô Chơn Trí, Chief Operating Officer of one of the
leading enterprises in the home goods and furniture e-
commerce market said the US tariff increase on goods
from certain countries offers an advantage for Vietnamese
businesses. But for that they must strengthen their
capabilities and build a sustainable supply chain.

He added “with a strong commitment to delivering high
quality and reasonable prices, we see tremendous
opportunities in the US market. We are confident in the
strength of Vietnamese manufacturers. By working closely
with local producers and e-commerce platforms, we will
continue to bring high-quality, reasonably priced products
to US consumers.”

See: https://vietnamnews.vn/economy/1693453/viet-nam-wood-
industry-braces-for-us-import-tariff-policy-changes.html

Adapt export strategies - Minister
According to the Minister of Industry and Trade, Nguyen
Hong Dien, Vietnam’s export sector is at a crossroads
facing both significant opportunities and considerable
challenges and the nation must prepare strategically to
enhance competitiveness in light of the shifting global
trade landscape, he noted.

In an era of rising geopolitical instability, Minister Dien
said that competition in the global exporting market is set
to intensify, particularly with players such as China,
Indonesia and Thailand.

Developed nations have been applying stricter standards
and regulations concerning supply chains, raw materials,
labour, and environmental practices, further complicating
international trade and now the US plans to impose
sweeping tariffs which has triggered the stockpiling of
goods to avoid tax hikes which has driven up freight costs.

Despite these pressures the Minister said Vietnam may
find itself positioned to capitalize on global supply chain
shifts, he said, explaining that the country could attract
more investment into high-value sectors. However, the
rising logistics costs and higher standards from importing
markets might challenge the nation’s competitiveness.

In spite of such big challenges, a possible trade war
entailing tariffs is expected to smooth the path for Vietnam
to boost its production and exports.

In response to the global trade uncertainties the Ministry
of Industry and Trade plans to continue prioritising
investment in key export sectors, including high-tech
manufacturing.

A key aspect of Vietnam’s strategy lies in bolstering the
digital transformation of its enterprises, especially small
and medium-sized businesses which will help them reduce
costs, increase labour productivity and meet increasingly
stringent international quality standards. The ministry is
committed to facilitating this transformation by offering
training, consultations on rules of origin, and connecting
businesses with reputable international suppliers to
optimise production costs and enhance competitiveness.

8. BRAZIL

  New biodiversity conservation targets
The National Biodiversity Commission (CONABIO) has
established 23 national biodiversity targets for the 2025–
2030 period as part of the National Biodiversity Strategy
and Action Plan (NBSAP). The targets address
deforestation reduction, ecosystem restoration,
conservation and management, the promotion of
sustainable use and trade. They also focus on curbing
species extinctions and genetic variability loss, reducing
invasive exotic species and minimising pollution.

The initiative also outlines complementary funding
sources beyond public resources, such as private sector
incentives to strengthen ecosystem protection and the
leadership of traditional communities.

Other key topics highlighted in Brazil’s biodiversity
targets, which are also expected to be central to
discussions in Rome, include the elimination of harmful
subsidies, capacity building, technical-scientific
cooperation and technology transfer for the conservation,
management and sustainable use of socio-biodiversity.

See: https://forestnews.com.br/conabio-lanca-novas-metas-de-
conservacao-da-biodiversidade-para-2030/

Plan for planted forests in Minas Gerais
The State of Minas Gerais has launched a Plan for the
Sustainable Development of Planted Forests, a strategic
initiative aimed at strengthening the forestry sector in the
State coordinated by the Superintendence for Forestry
Promotion in the Agriculture, Livestock and Supply
secretariat (SEAPA).

The Plan addresses key topics such as planted forest
legislation, the Green Seal, Rural Environmental Registry
and the restructuring of the sector's production chains.

The initiative seeks to attract investments, expand markets
and boost jobs and income generation with a special focus
on small and medium-sized producers.

Additionally, it aims to facilitate access to information on
financing options for agro-industries that use raw materials
from planted forests, the Crop-Livestock-Forest
Integration System (ILPF- Sistema de Integração Lavoura-
Pecuária-Floresta), as well as training and guidance on
techniques for planting, management and
commercialisation of forest products.

The plan was developed in partnership with various
sectoral entities including the Environmental Management
Center and the Working Group on Planted Forests.

Other organisations involved in the process included the
Minas Gerais Forest Industry Association (AMIF), the
Federation of Agriculture and Livestock of Minas Gerais
(FAEMG), the State Forestry Institute (IEF), the Institute
for Integrated Development of Minas Gerais
(InvestMinas) and several state secretariats, such as
Economic Development (SEDE), Finance (SEF),
Environment and Sustainable Development (SEMAD) and
Planning and Management (SEPLAG).

The implementation of the plan will be led by the Forestry
Promotion Superintendence with support from the Sectoral
Chamber of Forestry linked to the State Council for
Agricultural Policy (CEPA). The initiative is expected to
promote sustainable rural development by encouraging the
integration of crops, livestock and forests, while
strengthening public policies focused on the forest
economy.

See: https://www.remade.com.br/noticias/20545/minas-gerais-
lanca-plano-estadual-para-florestas-plantadas

Investment fund support for forest restoration
Brazil will receive a total of US$247 million in
investments to promote forest restoration and nature-based
solutions under the Nature, People and Climate (NPC)
Programme of the Climate Investment Funds (CIF).

The plan, approved in February this year, allocates US$47
million from CIF, US$100 million from the Climate Fund
(via BNDES) and US$100 million from the World Bank to
finance restoration of the Amazon and Cerrado biomes.

The CIF's NPC programme supports the development of
nature-based solutions to address climate change by
promoting ecosystem restoration and strengthening the
resilience of rural populations. With a total budget of
US$400 million, the programme recognises the
interdependence between land use, the climate crisis and
community livelihoods and encourages countries to
implement projects that integrate mitigation and
adaptation strategies.

Development of the plan was led by the Brazilian Forest
Service (SFB), as the technical focal point of the NPC
Brazil, with the participation of the Ministry of
Environment and Climate Change (MMA), BNDES, the
World Bank and the Inter-American Development Bank
(IDB).

The objective is the transformation of degraded areas of
the Tocantins-Araguaia Basin, known as “the
Deforestation Arc”, into a new Restoration Arc with plans
to restore 54,000 hectares of forest with a potential to
capture up to 7.75 million tonnes of CO₂ emissions and
generating 21,000 new jobs. BNDES will coordinate the
implementation focusing on the private sector and
promoting sustainable production chains.

NPC Brazil is the first Investment Plan approved under the
CIF’s Strategic Climate Fund (SCF) with a 100% focus on
the private sector. It uses a blended finance to leverage
investments in environmental restoration and encourage
company participation in environmental recovery
initiatives. Additionally, for the first time, CIF will
allocate resources for investments in the Brazilian
Amazon, aligning with the National Native Vegetation
Recovery Plan (Planaveg).

With the approval of the Investment Plan, Brazil now has
18 months to develop the implementation plan and details
of the projects to be carried out.

See: https://www.maisfloresta.com.br/brasil-contara-com-us-
247-milhoes-para-restauracao-florestal-e-solucoes-baseadas-na-
natureza/

Transport issues at Ports - industry in search of
solutions
The Brazilian forestry and timber sectors are facing
serious logistical challenges primarily due to issues at
ports andwith maritime transport operations. Timber
industries and other sectors have been struggling with
route cancellations, shipment delays and excessive queues
which directly impact export competitiveness.

According to the National Confederation of Industry
(CNI), these disruptions have caused significant financial
losses, particularly due to the lack of predictability and the
extra charges because of extended terminal delays.

The problems with exporting products in containers from
Brazil have, according to ABIMCI, worsened since the
second half of last year. Exporters plan dispatch on the
basis of vessel arrival schedules but recently schedules are
being changed at the last minute leaving companies with a
challenge to reorganise their logistics.

Additionally, delays and omissions in vessel schedules
often lead to ships by-passing ports where cargo is
waiting. This issue results in financial losses and often
leads to extra time related charges for containers according
to the CNI.

The Brazilian Association of Mechanically Processed
Timber Industry (ABIMCI), representing the timber
sector, has been actively seeking solutions to improve the
efficiency of port operations. ABIMCI has participated in
meetings with CNI and the National Waterway Transport
Agency (ANTAQ) to highlight the negative impacts of
delays and unjustified fines. They have also pushed for
greater flexibility and transparency in government and port
authority actions.

ABIMCI has called for better accountability in addressing
shipment issues and proposed the establishment of a
“situation room” for ongoing discussions on short-term
improvements to streamline operation processes.
Meanwhile, long-term structural measures, such as
terminal expansions and deepening dredging projects, are
being planned.

See:
https://imprensa.portaldaindustria.com.br/posicionamentos/probl
emas-no-escoamento-de-cargas-pelos-portos-mobiliza-industria-
em-busca-de-solucoes/ and Abimci News - Edição Fevereiro
2025

9. PERU

  Furniture exports increased in 2024
According to information provided by the Services and
Extractive Industries Department of the Association of
Exporters (ADEX), shipments of furniture and furniture
parts in 2024 were valued at US$4.7 million FOB, a
positive 14.5% increase compared to 2023.The main
market for these items was the United States which
accounted for a 53% but this was down 3.5% compared to
2023.

Other markets were Chile 10% share, Colombia 9%. The
top five export markets included Italy and Guatemala at
7% and 5% share respectively.

Plantations to be established in seven regions
Through forestry incentives over the next three years
5,000 hectares of new plantations will be established in
seven regions across the country at an estimated cost of
around US$10 million.

At the launch of the ‘Forest Incentives Programme (PIF)
2025’ the National Forestry and Wildlife Service (Serfor)
invited rural and native communities, forest producer
organisations and SMEs from the regions of Áncash,
Cajamarca, Huánuco, Junín, Madre de Dios, Pasco and
San Martín to participate in this first call for proposals for
the PIF 2025.

This new call is expected to benefit 50 organisations with
co-financing to establish 100 hectares of plantations each
over a period of three years.

See: https://www.gob.pe/institucion/serfor/noticias/1116696-
gobierno-con-programa-de-bosques-productivos-sostenibles-se-
instalara-5-mil-hectareas-de-nuevas-plantaciones-en-7-regiones

OSINFOR strengthens training for sustainable forest
oversight and management
A ‘Refresher Course for Third-Party Supervisors’ was
successfully concluded in the last week of February. This
training programme brought together 30 professionals
registered with the Forest and Wildlife Resources
Oversight Agency (OSINFOR). Participants updated their
knowledge in forest management and the use of
technological platforms. The course consisted of two
stages, one virtual and one in-person.

A supervision simulation was developed including the pre-
field and field phases. The course took place in a forest
concession in Ucayali where supervisors tested
methodologies to collect on-site information using drones
for subsequent processing and analysis.

See: https://www.gob.pe/institucion/osinfor/noticias/1116869-el-
osinfor-fortalece-la-formacion-de-supervisores-para-la-
fiscalizacion-y-gestion-sostenible-de-los-bosques