Gabon is currently in the dry season and no rain is expected until the end of August. This favorable weather supports efficient harvesting activities. Producers reported that while the supply of factory workers was not an issue, there were reports of shortages of skilled workers.
Milling operations and spare parts imports are ongoing without interruption, and there are sufficient log stocks (mainly in Okoume) to meet current demand.
Gabonese producers say that order levels are basically normal, but the slowdown in Asian and Middle Eastern markets is noticeable.
Demand for balsa wood and okoume is reported to be weak in China. However, demand for belli remains stable and demand for Ovangkol remains high.
Demand in the Philippines has been weak, with buyers focusing on high-quality lumber from mills that supply high-quality sawn timber.
Purchases in Okoume in the Middle East are showing signs of slowing down, but analysts say onshore stocks are ample for now.
Demand in Europe is said to be stable, with continued encouraging demand for cherry (moabi) and douka in the door and furniture sectors.