Vietnam stayed the largest supplier as its share shrank 6.8 pp, while Australian shipments jumped 33%.
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Vietnam remained the largest supplier as its share rose 2.7 pp; South Africa shipments grew 73.2% and Australia's fell 4.2%.
United States remained the largest buyer as its share fell 9.1 pp; Thailand's share rose 4.9 pp.
The acquisition adds bandsaw, circular saw, industrial knife and saw-shop operations in New Zealand and Australia.
Partnership targets 50,000 to 180,000 hectares in Vietnam with Alternate Wetting and Drying carbon credit potential.
The funding will support wood-product processing, innovation, workforce development, plantations and timber import compliance.
Existing U.S. builders posted lower deliveries and prices, while timber manufacturing turned loss-making even as housing volumes rose in Australia and Japan.
Andrew Leighton joins from FWPA with 20 years of senior executive experience across forest products and manufacturing sectors.
Latin America remains a low‑cost source at about 95 million m3 annually while Oceania’s supply may fall by roughly three million m3 by 2035.
The project will assess converting industrial-grade logs into fully fitted mass timber modules for hotels, housing and offices.
India took 73% of shipments.
Japan and the United States were the largest destinations, accounting for about 25% and 23% of volume respectively.
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