market trendsSeptember 15, 20236 min read
Global Demand for African Hardwood: A Q3 Analysis
Understanding the shift in European and Asian markets towards certified sustainable timber and what it means for Cameroon's export economy.
M
Marie Kouassi
Market Analysis Director
Global Demand for African Hardwood: A Q3 Analysis
The global market for African hardwood continues to grow, with a notable 23% increase in demand from European markets in Q3 2023.
Market Trends
European Market
European buyers increasingly prioritize FSC-certified timber, with demand for certified African Mahogany up 35% year-over-year.
Asian Market
Asian markets, particularly China and Japan, show strong demand for Sapele and Iroko for luxury furniture manufacturing.
Implications for Cameroon
This shift towards certified sustainable timber presents significant opportunities for Cameroonian exporters who invest in proper certification and traceability systems.
Tags
#market analysis#exports#demand#europe#asia