Ghana exported 287,224 m³ of wood products for the January to June 2008 period, earning EUR96.5 million. This resulted in gains of 8.0% and 3.8% by volume and value, respectively, compared to the same period of last year. Kiln dried lumber (21.4%), air dried lumber (11.7%) and plywood (25.7%) altogether accounted for 58.8% of the total volume exported the first half of the year.
The Japan Lumber Journal indicated that the amount of Southsea logs received in the first half of 2008 fell about 43% from the same period of 2007. The results, announced at the Tokyo Chapter of the Japan Southsea Lumber Conference, revealed a fall in imports as a result of factors such as an inability to secure shipping for log transport and a decrease in demand. This has begun to affect businesses in Japan. Japan Lumber Reports has indicated Seihoku, a major lauan plywood factory in Tokyo, will suspend its operations when logs run out at the end of August.
Some have speculated that a possible price increase for Southsea logs may be approaching, although prices were already hovering at high levels. JLJ reports also indicate that there has not been any arrival of Sabah logs because of low demand. Plywood purchasing is expected to be slow throughout August and prices for some lauan plywood items are expected to rise in the future. Production conditions in Sarawak continue to be difficult, and with FOB prices rising, buyers in Japan are not accepting most highly priced items.