Red­wood out of favour

Australasian Timber - - NEWS -

Ac­cord­ing to a rep­re­sen­ta­tive from one of the main red­wood mar­kets in Bei­jing some 12 stores sell­ing red­wood prod­ucts have closed and only two re­mained open as of the end of July. It has been re­ported that de­mand for red­wood‘ prod­ucts has cooled con­sid­er­ably and sales by the well-known, large red­wood en­ter­prises are slow and well down from a few years ago. The smaller man­u­fac­tur­ers of red­wood‘ have been par­tic­u­larly af­fected by the mar­ket down­turn. While there is some de­mand for high-end red­wood fur­ni­ture an­a­lysts es­ti­mate that 50% of the fur­ni­ture sold to­day is of wood­based pan­els and that these prod­ucts dom­i­nate the mar­ket.

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