PHL timber imports jump 50% – report
The country’s purchases of forest products from the United States this year could increase by 50 percent to $ 21.6 million thanks to a slight increase in private and public construction projects, according to an international report.
The United States Department of Agriculture-Foreign Agricultural Service in Manila (USDA-FAS Manila) forecast that the country’s timber imports from the United States would increase by $ 7.2 million from the 14.4 million last year.
“With the increase in residential, commercial and public construction projects in the Philippines, declining production of lumber and other wood products cannot meet the country’s demands. Timber manufacturers have therefore increasingly turned to imports for alternative sources of forest products, ”USDA-FAS Manila said in a report by the Global Agricultural Information Network.
“Post predicts a 50% increase in US exports of forest products in 2021 over last year due to strong market demand. “
USDA-FAS Manila explained that there was an increasing demand from the Philippines for American grade lumber, including coniferous and non-coniferous lumber sawn or chipped lengthwise, rough lumber, wood leaves. plating and drums / barrels / vats / tubs.
“In addition, flat cartons, corrugated inner cartons and liner cartons imported from the United States have potential for packaging products, such as fruit.
USDA-FAS Manila has estimated that Philippine timber purchases from all countries will increase by 15 percent this year as operations in related industries accelerate.
USDA-FAS Manila noted that the Philippines imported 75 percent of its timber and timber products, the majority being veneered plywood panels / sheets, glued laminated timber, and sawn coniferous or non-coniferous timber. or shredded lengthwise.
“In 2020, the Philippines continued to import forest products mainly from Asian countries, with other suppliers including Canada, New Zealand, the Netherlands, Sweden and the United States,” he said. he adds.
Citing industry estimates, USDA-FAS Manila said the local supply of timber and wood-based products could not meet the Philippines’ annual demand of 6 million cubic meters. The country’s annual wood consumption is expected to reach 8 million cubic meters by 2025 and 10 million cubic meters by 2030.
“The growing local and export demand is due to the increased use of wood for construction [buildings, houses, bridges, and wharves], packaging and printing in paper, furniture, cabinetry and sculptures, ”he said.
“Construction companies and real estate developers use wood products for residential and commercial projects [condominiums, hotels, resorts, houses, restaurants, and coffee shops] for structure, exterior walls, interiors, doors, window frames and roof terraces.
Image courtesy of Luke Sharrett / Bloomberg