Harnessing Sustainable Global Growth
Timber industry is one of the most important commodities to the world’s economy. In 2015, the total export of Timber and Timber products contributed approximately 0.28% of the total global GDP. In Asia – home to well-known high quality tropical timbers, the total export of Timber and Timber Products for 2015 amount to USD75.53 billion. The industry is expecting an immense growth at a compound annual growth rate of 34% until 2030.
In ensuring an equitable and sustainable growth, the timber and timber products stakeholders will have to mitigate variety of issues and challenges. Issues such as the slowdown of global GDP and fall of oil prices that are expected to impact the export markets by 35%; the regional commitments to COP21 in increasing forest areas to capture GHGs and speeding up clean technologies and material development; challenges in adopting timber as sustainable raw materials; issues with the shrinking skilled human capital coupled with the increasing labour costs for timber producing countries; shifting towards value-addition in the timber supply chain by adopting advanced technologies to increase productivity and enhance product diversifications in the downstream sector; and the competitions from alternative raw materials for both the furniture and building industries.
The Global Timber Conference 2016 is designed to bring together 400 odd regional policy makers, experts and captains of the industry from over 25 countries on an annual basis, to get updated on the global timber outlook, demand and supply potentials; discuss on timber products certifications and sustainable forest strategies; adoption of innovation & technology for higher value addition in advanced materials; next wave in the wooden furniture industry; and timber as the game changer in the construction and building sector.
Global Timber Conference 2016 Testimonials
