In November 2022, the Global Timber Index (GTI) report showed that due to the global economic contraction, the decline in international demand, and the rainy season in Africa, the GTI index of timber producing countries such as Malaysia, Gabon, Republic of the Congo, Brazil and Mexico were below the critical level of 50%, which represents that the prosperity of timber production and operation this month shrink from last month. On the supply side, harvesting and production volume in the above timber producing countries were declining, and struggling with insufficient international orders and increasing fuel costs. GTI participating enterprises from Malaysia and Brazil reported the impact of exchange rate fluctuations on the market competitiveness of their timber products. China, as one of the greatest timber importer and processing countries, personnel employment and logistics operation have been hindered, and the production activities of timber enterprises have slowed down accordingly due to pandemic. The GTI-China Index registered 45% this month, indicating that the operation of the superior timber enterprises represented by the GTI-China Index has contracted from last month. Detailed data and analysis were shown in the GTI report of pilot countries.

2022-11六国GTI报告EN12.9   0207.pdf