The global timber market goes through volatile ups and downs throughout the year because of several factors like raw material supply, weather, exchange rates, housing demand, logistics prices, global price discrepancies, and logistics capacity. Decisions taken without fully understanding the performance of the target market or the competitors’ activity in their key markets can harm your business's profit margins and lead to lost opportunities.
The Timber Exchange Market Data Hub, however, provides updated statistics about the global timber market on a monthly basis across five sectors such as:
The market indicators on the Timber Exchange platform allow visitors to see performance not only by market or sector but also regionally and globally. There are over 100 market indicators updated every month that cover production, inventories, shipments, prices and consumption for all the leading markets. By analysing the historical & current data of the particular region & sector and understanding its trends, and ups & downs, you can more accurately make strategic decisions based on up-to-date data.
Understanding the Best Way to Analyse the Right Data for a Profitable Trade
To analyse global markets you need to keep track of several types of statistics. To understand the best practices for evaluating the data, let’s take an example -
You are a sawmill in Sweden exporting to China. To do so, first, you would have to check how the Chinese market is performing, the recent volumes that have been shipped, prices, consumption, and inventory levels. After this, you would have to check how the competing production markets are performing in China.
The analysis will provide a complete picture of your market, your customer’s market, and your competitors in the customer’s country, helping you make the decision.
Timber Exchange’s Role in Providing Monthly Global Timber Market Data
Timber Exchange is a high-trust trade supply chain automation platform built by industry professionals with many years of global experience and aims to digitise international trade & reduce risks significantly. In the quest to do so, the platform offers four core features to aid stakeholders worldwide. These features include –
- 100+ Advanced Supply Chain Tools
- Open & Smart B2B Marketplace
- Market Data Hub with 100+ Market Indicators
- Trade Finance & Trade Compliance Services
With the help of these four core features, counterparties can do the following:
- Use data to track global market performance and identify opportunities
- Tender timber directly from sawmills or to importers around the world
- Automate paper-based and manual processes from contract signing until final delivery at POD
- Should you need, you can outsource all trade finance and trade compliance to our team of experts
To make the most of this platform and know more about it, feel free to book a demo from the experts.