Saudi Arabia is poised to become one of the world’s largest consumers of timber, fuelled by several ‘mega’ and ‘giga’ projects, including the NEOM, the Red Sea Project, Trojena and Qiddiya – which could see the market for timber-based products reach more than US $4.1 billion by 2029.
Russia and Belarus now account for 70% of all Chinese lumber imports.
Russia is ramping up plywood production, with exports to China surging more than 344%, according to new data provided by Roslesinforg – the Russian state-owned customs agency.
The latest numbers come after China Customs reported that exports to China had tripled for March. environmental groups have flagged concerns that China is operating as a broker for Russian and Belarussian timber, with plywood made from Russian birch entering European markets via China, Vietnam and a series of “friendly countries” across Eurasia.
The Middle East is pivoting from concrete-and-steel-based construction to timber, with the UAE and Saudi Arabia leading the regional green switch. And whilst the number of timber buildings out of the ground is small, Wood Central can reveal that imports of plywood and other timber products have tripled to Dubai and Riyadh in the last 12 months alone.
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