Philippines: Philippine Wood Products Report

The Philippines' declining production of lumber and other wood products cannot meet the country’s growing demand for residential, commercial, and public construction projects. As operations in the industry gain momentum, FAS Manila forecasts a 5 percent rise in wood imports by year-end and additional opportunities over the following years. Due to the country’s growing import requirement, Post projects a 50 percent increase in U.S. forestry product exports this year, with long-term potential in this emerging market.