In July 2026, the GTI-Producers registered 50.1%, marking a 2.9-percentage-point increase from the previous month and returning to near the 50% critical value after many months, which indicates that overall, the timber harvesting and primary processing industries in the pilot producing countries operated in a relatively stable state.

In Asia, Indonesia, Thailand, and Malaysia recorded GTI readings of 52.7%, 47.5%, and 28.8%, respectively. Indonesia’s index remained in expansion territory above the 50% mark for the second consecutive month, while Thailand and Malaysia continued to register contraction. On the supply side, Indonesia’s harvesting activity held steady over the past three months, with production volume growing for the second consecutive month. Thailand saw a marked easing in harvesting contraction compared with June, while production activity shifted from two consecutive months of contraction to expansion. Malaysia, by contrast, continued to experience declines in both harvesting and production volumes. In terms of demand, Indonesia’s new orders rose for the third consecutive month, Thailand recorded its first drop in new orders in the recent three months, and Malaysia faced persistent weakness in both domestic and external markets.

In Africa, Gabon, the Republic of the Congo, and Ghana posted GTIs of 51.8%, 49.3%, and 47.8%, respectively. Gabon moved into expansion territory, the Congo registered a slight contraction for the fourth consecutive month, while Ghana shifted from expansion to contraction. On the supply side, Gabon’s harvesting volume continued a downward trend seen over the past six months, though production volume rebounded after two months of decline. The Congo experienced continued slight decreases in both harvesting and production. Ghana’s harvesting volume followed a declining trajectory over the past seven months, while production shifted from growth to decline; according to GTI-Ghana enterprises, rainfall, unstable electricity supply, and rising fuel prices weighed on production activity this month. On the demand front, Gabon and the Congo both saw new orders stabilize after previous declines, whereas Ghana’s new orders turned from growth to contraction.

In Latin America, Brazil, Ecuador, and Mexico recorded GTI indices of 52.2%, 47.7%, and 38.7%, respectively. Brazil returned to expansion territory after a one-month hiatus, while Ecuador and Mexico remained in contraction for the third consecutive month. On the supply side, Brazil’s harvesting volume grew following two months of decline, and production also increased after three consecutive months of contraction. Mexico presented the opposite trend, with both harvesting and production shifting from expansion to contraction, partly due to rainy weather affecting production and operations. Ecuador’s harvesting volume fell for the second consecutive month, while production, after three months of consecutive growth, leveled off over the past two months. In terms of demand, Brazil’s new orders maintained growth for the third consecutive month; Mexico saw a decline in new orders amid lingering market instability; and Ecuador experienced slight declines in orders for the third consecutive month.

GTI-Producers Report - July 2026.pdf