GTI Report
GTI Report
GTI Report - June 2023


The Global Timber Index (GTI) report in June 2023 showed that the GTI-Indonesia index reached 55.3%, an increase of 10.4 percentage points from the previous month. This was the second time since April this year that the GTI-Indonesia index rose above the critical value (50%), indicating a positive trend of stabilization and improvement in the Indonesia’s timber market. In the coming months, it is necessary to continuously observe and evaluate the recovery momentum of its timber industry. The GTI indexes of Malaysia, Gabon, ROC, Brazil, Mexico, and China were all below the critical value (50%), indicating that the levels of production and operations of the timber industry went down in all these countries.

Specifically, the GTI indexes of Malaysia, ROC, Gabon, Mexico, and China registered 40.1%, 36.8%, 44.3%, 46.6%, and 48.2% respectively. Although they were below the critical value (50%), the values had risen compared with the previous month, indicating a reduction in the extent of sustained contraction in the timber industry of these five countries. The GTI-Brazil index registered 30.8%, a decrease of 2.1 percentage points from the previous month, indicating continued sluggishness in the production and manufacturing of timber in the country. This is also reflected in the feedback from GTI-Brazil enterprises, which reported this month that the appreciation of the Brazilian real against the US dollar was unfavorable for the exports of timber and timber products, and the Asian market showed a preference for Russian products, resulting in lower sales volume of Brazilian products and a significant decline in international orders.

The European Union Deforestation Regulation (EUDR) officially entered into force on June 29th, and some countries had taken proactive measures for it. Malaysia and Indonesia sent a joint trade mission to Belgium, urging the European Commission to recognize their efforts in protecting environment and avoiding deforestation with regard to palm oil production. The International Tropical Timber Technical Association (ATIBT) launched a training program on timber legality and traceability and held two training sessions respectively in Ouesso (April 3) and in Pointe-Noire (May 2), aiming to strengthen the private sector's capacity in terms of timber legality and traceability.

GTI Report - June 2023.pdf

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