#supplychaintools

The global lumber market is competitive and volatile. Factors such as economic conditions, population growth, urbanization, and consumer preferences all affect the global lumber market. Changes in any of these parameters can lead to demand fluctuations. In recent times, there has been a shift in the lumber market, and we are entering a phase of slowing demand and pricing.

The European energy landscape is constantly transforming, shaped by various factors like policies, innovations, and global influences. There's a strong emphasis on sustainable solutions, driving significant changes in the continent's energy mix. From renewable energy targets to geopolitical dynamics, these elements are reshaping industries.

In October 2023, the value of Brazilian exports for wood-based products (excluding pulp and paper) saw a significant 31.0% decline compared to October 2022, dropping from $317.1 million to $219.7 million. The volume of tropical-sawn wood exports saw a 43.0% decrease, moving from 36,200 m³ in October 2022 to 20,600 m³ in October 2023.

Amid the conflict, Israel's Port of Ashkelon and its oil terminal have ceased operations. Maersk confirms that its port operations at Israel's major terminals are running without disruption. Bookings for cargo to and from Israel are still being accepted by Maersk. The region's inland services, encompassing road and rail, remain in full operation.

Shipping carriers are offering financial incentives to encourage customers to move cargo from Europe, the Middle East, and backhaul routes. Container transport rates to Asia are as low as $5 per container from India and the Middle East, and $80 per container from Hamburg to Shanghai.