South Africa: Meranti demand affected by housing market weakness

Source:
ITTO/Fordaq
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Demand for US hardwoods remains steady in South Africa and the stronger Rand has created added competiveness. There is steady demand from shopfitters and some of the high end furniture manufacturers.

On the other hand, sales of meranti have been slow mainly because of the poor property market. The stronger Rand has helped keep aluminium substitues competitive so this has reduced demand for timber windows.

The market for okoume has been undermined by high prices compared to meranti and by extended delivery times.

The supply of Kiaat remains tight and because of the erratic supply manufacturers are buying substitutes such as acajou/mahogany.

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