IV
UNECE/FAO Forest Products Annual Market Review, 2014-2015
CONTENTS
1
2
3
4
FOREWORD .................................................................................................................................................................................................................................................. ACKNOWLEDGEMENTS........................................................................................................................................................................................................................
III X
CONTRIBUTORS TO THE PUBLICATION ......................................................................................................................................................................................
XI
STATISTICAL CORRESPONDENTS ...................................................................................................................................................................................................
XII
ACRONYMS, ABBREVIATIONS AND SYMBOLS ......................................................................................................................................................................
XVI
Overview of forest products markets and policies..................................................................................................................................................
1
1.1
Introduction ...................................................................................................................................................................................................................................
2
1.2
Economic developments with implications on the forest sector .................................................................................................................
2
1.3
Policy and regulatory developments affecting the forest products sector ............................................................................................
3
1.4
Institutional forestland ownership ....................................................................................................................................................................................
4
1.5
Summary of regional and subregional markets .......................................................................................................................................................
4
1.6
References ........................................................................................................................................................................................................................................
11
Policies shaping forest products markets .......................................................................................................................................................................
11
2.1
Introduction ....................................................................................................................................................................................................................................
12
2.2
Trade-related ..................................................................................................................................................................................................................................
12
2.3
Energy-related ...............................................................................................................................................................................................................................
14
2.4
Environment-related..................................................................................................................................................................................................................
15
2.5
Carbon-relate .................................................................................................................................................................................................................................
18
2.6
Conclusion ......................................................................................................................................................................................................................................
20
2.7
References ........................................................................................................................................................................................................................................
21
Institutional forestland ownership and its effects on forest products markets......................................................................................
25
3.1
Introduction ....................................................................................................................................................................................................................................
26
3.2
History of timberlanLD investment .................................................................................................................................................................................
26
3.3
Investment markets for forest ownership funds ......................................................................................................................................................
28
3.4
major timberland investors ...................................................................................................................................................................................................
30
3.5
Management objectives of financial timberland investors...............................................................................................................................
30
3.6
Market share held by timberland investors.................................................................................................................................................................
31
3.7
Market impacts .............................................................................................................................................................................................................................
31
3.8
References ........................................................................................................................................................................................................................................
33
Wood raw material.............................................................................................................................................................................................................................................
35
4.1
Introduction ....................................................................................................................................................................................................................................
36
4.2
Europe subregion ........................................................................................................................................................................................................................
37
4.3
CIS subregion .................................................................................................................................................................................................................................
38
4.4
North America subregion.......................................................................................................................................................................................................
39
4.5
Extra-regional influences affecting the UNECE region .........................................................................................................................................
40
4.6
Wood raw-material costs ........................................................................................................................................................................................................
40
4.7
References ........................................................................................................................................................................................................................................
43