Market News

The future of Kenya's wood-coating industry is promising given the persistent constraints of the country's supply chain of wood and wood products, which is characterized by increasing demand toward a lower supply that could have an effect on the overall demand for wood-coating in the East African co . . .

The Komaza logging company has recently concluded a Class B fundraising campaign that raised USD 28 million. The money will be used to grow forest plantations for sustainable timber harvesting. Sustainable timber harvesting in Kenya could have a promising future. Such is the vision that underli . . .

Timber trade accounts for hundreds of thousands of cubic metres of hardwood natural plantations annually; Mozambique, the DRC and, to a lesser degree, Tanzania, are the primary source countries for natural forest timber, while Kenya and Uganda are the largest importers. Overall, regional trade . . .

In Kenya, the demand for furniture is increasing at 10 per cent per year, plywood mills consume 15 per cent of the industrial wood available for furniture and manufacture plywood, MDF, particleboard, blockboard and veneer.  These mills are mainly sold to the formal industry and use pine an . . .

As per the study, Eastern African economies purchase annually USD 1.2 billion in furniture, 22 percent of which is imported. As development is driven by increasing urban populations and purchasing power, growth prospects are favourable, and Kenya, Ethiopia, Tanzania, and Uganda are likely to remain . . .