{"id":7169,"date":"2025-01-02T09:51:16","date_gmt":"2025-01-02T14:51:16","guid":{"rendered":"https:\/\/ecotopiateak.com\/?p=7169"},"modified":"2025-01-02T11:19:46","modified_gmt":"2025-01-02T16:19:46","slug":"panamanian-timber-exports-continue-to-decline-according-to-apex","status":"publish","type":"post","link":"https:\/\/ecotopiateak.com\/index.php\/2025\/01\/02\/panamanian-timber-exports-continue-to-decline-according-to-apex\/","title":{"rendered":"Panamanian timber exports continue to decline, according to APEX"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7169\" class=\"elementor elementor-7169\" data-elementor-settings=\"{&quot;ha_cmc_init_switcher&quot;:&quot;no&quot;}\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d0fbb04 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no 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class=\"elementor-heading-title elementor-size-default\">Panamanian timber exports continue to decline, according to APEX<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2cf6450 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"2cf6450\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-ab9a6bc\" data-id=\"ab9a6bc\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-49b9459 elementor-widget elementor-widget-post-info\" data-id=\"49b9459\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-6b9b45e elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-tags\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-custom\">\n\t\t\t\t\t\t\t\t\t\tLourdes Garc\u00eda Armuelles\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-daea358 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/01\/02\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>enero 2, 2025<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-420d9d4 elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-clock\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-time\">\n\t\t\t\t\t\t\t\t\t\t<time>9:51 am<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-099147d elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"099147d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"700\" height=\"394\" src=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/01\/gregh_181-9025562_20250101130629.jpg\" class=\"attachment-full size-full wp-image-7170\" alt=\"\" srcset=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/01\/gregh_181-9025562_20250101130629.jpg 700w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/01\/gregh_181-9025562_20250101130629-300x169.jpg 300w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/01\/gregh_181-9025562_20250101130629-600x338.jpg 600w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">In 2024, Panama exported 6,500 containers of timber to the international market. Shutterstock<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3fdedc elementor-widget elementor-widget-text-editor\" data-id=\"a3fdedc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Most of the wood produced in Panama is tuca, of which 15 % is of medium quality, 5 % of high quality and 80 % of low quality, in an increasingly demanding market.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e6bda80 elementor-widget elementor-widget-text-editor\" data-id=\"e6bda80\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Panamanian timber exports to Europe are low, mainly due to the recession in Germany, reveals the Panamanian Exporters Association&#8217;s (Apex) Report on the Panamanian Teak Export Outlook and Strategic Roadmap Proposal for Certified Commercial Reforestation.<\/p><p>\u00a0<\/p><p>The document also raises an imbalance between the oversupply of low quality teak and the growing demand for premium teak, so it urges strategies to diversify markets and products along with management changes in the farms that are classified as premium producers.<\/p><p>\u00a0<\/p><p>Two weeks ago, the Panamanian teak industry sent the first container to the United States and received the first sale to Italy, which will be shipped at the end of January.\u00a0<\/p><p>\u00a0<\/p><p>In the last 10 years, for example, the price (of wood) of low quality fell, on the contrary, the high quality rose. The difference in price was three times between low and high quality teak, and it is expected that soon the difference will be 20 times per meter between low and high quality.<\/p><p>\u00a0<\/p><p>According to the report, India purchases 50,000 containers of teak and 12,000 containers of processed teak annually, but has not been able to absorb the excess supply generated by Latin America.<\/p><p>\u00a0<\/p><p>According to APEX, in 2024 Panama exported 6,500 containers of tucas, representing 9% of the Indian market, which is the largest in the world. It also increased shipments to Vietnam, but exports are still down.<\/p><p>\u00a0<\/p><p>APEX figures indicate that 95% of Panama&#8217;s worked wood production is mainly purchased by India, but, the demands of that market have increased, since a minimum of 12 years and 50 centimeters in circumference is required, which leaves a surplus of inventory on the ground.<\/p><p>\u00a0<\/p><p>\u201cEighty percent of Panama&#8217;s production -for the Indian market- is low quality tucas,\u201d Apex acknowledged. For its part, the wood used to manufacture outdoor furniture, maintains stable prices, but with a decrease in recent demand in Europe and the United States, due to changes in post-pandemic consumption. <span style=\"font-size: 16px;\">Fifteen percent of Panama&#8217;s wood is medium quality tuca.<\/span><\/p><p>\u00a0<\/p><p>The report also stressed that there is a high demand for wood from native forests, for use in yacht flooring, luxury furniture, windows; however, it is prohibited to import this raw material to the European Union and the United States. Although Panama has the ideal conditions to produce wood of this quality, APEX indicated that a focus on premium production and FSC certification is required to access very demanding markets in terms of quality. In Panama, 5% of toucan production is of high quality.<\/p><p>\u00a0<\/p><p>To diversify the market and products, APEX believes it is important to promote exports to certified markets focused on Europe and the United States and to boost local production to meet domestic demand, replacing imported products with competitive, quality alternatives.<\/p><p>\u00a0<\/p><p>In terms of promotion, the association recommended including teak in the exportable offer promoted by the Ministry of Commerce and Industries (MICI).<\/p><p>\u00a0<\/p><p>It also recommended publishing updated studies on exports and deforestation on the platforms of the MICI and the Ministry of Environment.<\/p><p>\u00a0<\/p><p>Likewise, to define the participation of the diplomatic corps in international fairs and events. In addition, to align efforts between the public and private sectors to establish a strategic plan to position teak as a premium product.<\/p><p>\u00a0<\/p><p>In the opinion of Bianca Mor\u00e1n, president of APEX, the Panamanian forestry sector has a very high potential, and there is a good opportunity for the country&#8217;s forestry sector to become an important player in the international market.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-c8d9f9b\" data-id=\"c8d9f9b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0eeda6e elementor-widget elementor-widget-image\" data-id=\"0eeda6e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1729\" height=\"118\" src=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40.png\" class=\"attachment-full size-full wp-image-6425\" alt=\"\" srcset=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40.png 1729w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40-300x20.png 300w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40-1024x70.png 1024w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40-768x52.png 768w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40-1536x105.png 1536w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2024\/07\/ea02e130-0d25-4d0f-a972-1cc382b39e40-600x41.png 600w\" sizes=\"(max-width: 1729px) 100vw, 1729px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a889e6d elementor-search-form--skin-classic elementor-search-form--button-type-icon elementor-search-form--icon-search elementor-widget elementor-widget-search-form\" data-id=\"a889e6d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;skin&quot;:&quot;classic&quot;}\" data-widget_type=\"search-form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<search role=\"search\">\n\t\t\t<form class=\"elementor-search-form\" action=\"https:\/\/ecotopiateak.com\" method=\"get\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-search-form__container\">\n\t\t\t\t\t<label class=\"elementor-screen-only\" for=\"elementor-search-form-a889e6d\">Buscar<\/label>\n\n\t\t\t\t\t\n\t\t\t\t\t<input id=\"elementor-search-form-a889e6d\" placeholder=\"Search...\" class=\"elementor-search-form__input\" type=\"search\" name=\"s\" value=\"\">\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<button class=\"elementor-search-form__submit\" type=\"submit\" aria-label=\"Buscar\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-search\"><\/i>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/button>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/form>\n\t\t<\/search>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af558a1 elementor-widget elementor-widget-heading\" data-id=\"af558a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">About us <\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ace45f5 elementor-widget elementor-widget-text-editor\" data-id=\"ace45f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. 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elementor-posts--skin-classic elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-7258 post type-post status-publish format-standard has-post-thumbnail hentry category-environment\" role=\"listitem\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/04\/21\/wood-producers-call-for-relaxed-regulations-to-reactivate-the-sector\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"300\" height=\"191\" src=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/04\/madera_panama_0-300x191.jpg\" class=\"attachment-medium size-medium wp-image-7259\" alt=\"\" srcset=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/04\/madera_panama_0-300x191.jpg 300w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/04\/madera_panama_0-768x488.jpg 768w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/04\/madera_panama_0-600x381.jpg 600w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/04\/madera_panama_0.jpg 850w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/04\/21\/wood-producers-call-for-relaxed-regulations-to-reactivate-the-sector\/\" >\n\t\t\t\tWood producers call for relaxed regulations to reactivate the sector.\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/04\/21\/wood-producers-call-for-relaxed-regulations-to-reactivate-the-sector\/\" aria-label=\"M\u00e1s informaci\u00f3n sobre Wood producers call for relaxed regulations to reactivate the sector.\" tabindex=\"-1\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-7249 post type-post status-publish format-standard has-post-thumbnail hentry category-economy\" role=\"listitem\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/17\/panamanian-exports-shielded-from-trumps-tariff-policies\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/image_content_181-9675596_20250317181027-300x169.webp\" class=\"attachment-medium size-medium wp-image-7250\" alt=\"\" srcset=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/image_content_181-9675596_20250317181027-300x169.webp 300w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/image_content_181-9675596_20250317181027-600x338.webp 600w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/image_content_181-9675596_20250317181027.webp 700w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/17\/panamanian-exports-shielded-from-trumps-tariff-policies\/\" >\n\t\t\t\tPanamanian exports, shielded from Trump&#8217;s tariff policies\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/17\/panamanian-exports-shielded-from-trumps-tariff-policies\/\" aria-label=\"M\u00e1s informaci\u00f3n sobre Panamanian exports, shielded from Trump&#8217;s tariff policies\" tabindex=\"-1\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-7242 post type-post status-publish format-standard has-post-thumbnail hentry category-economy\" role=\"listitem\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134-300x169.webp\" class=\"attachment-medium size-medium wp-image-7243\" alt=\"\" srcset=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134-300x169.webp 300w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134-600x338.webp 600w, https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/03\/12f_181-9546890_20250304153134.webp 700w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/\" >\n\t\t\t\tSIP and APEX demand clear rules in Panama to establish themselves in the market.\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/03\/05\/sip-and-apex-demand-clear-rules-in-panama-to-establish-themselves-in-the-market\/\" aria-label=\"M\u00e1s informaci\u00f3n sobre SIP and APEX demand clear rules in Panama to establish themselves in the market.\" tabindex=\"-1\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf35d2d elementor-widget elementor-widget-video\" data-id=\"cf35d2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=ILhHzkXfWak&amp;t=4s&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Most of the wood produced in Panama is tuca, of which 15 % is of medium quality, 5 % of high quality and 80 % of low quality, in an increasingly demanding market. Panamanian timber exports to Europe are low, mainly due to the recession in Germany, reveals the Panamanian Exporters Association&#8217;s (Apex) Report on the Panamanian Teak Export Outlook and Strategic Roadmap Proposal for Certified Commercial Reforestation. \u00a0 The document also raises an imbalance between the oversupply of low quality teak and the growing demand for premium teak, so it urges strategies to diversify markets and products along with management changes in the farms that are classified as premium producers. \u00a0 Two weeks ago, the Panamanian teak industry sent the first container to the United States and received the first sale to Italy, which will be shipped at the end of January.\u00a0 \u00a0 In the last 10 years, for example, the price (of wood) of low quality fell, on the contrary, the high quality rose. The difference in price was three times between low and high quality teak, and it is expected that soon the difference will be 20 times per meter between low and high quality. \u00a0 According to the report, India purchases 50,000 containers of teak and 12,000 containers of processed teak annually, but has not been able to absorb the excess supply generated by Latin America. \u00a0 According to APEX, in 2024 Panama exported 6,500 containers of tucas, representing 9% of the Indian market, which is the largest in the world. It also increased shipments to Vietnam, but exports are still down. \u00a0 APEX figures indicate that 95% of Panama&#8217;s worked wood production is mainly purchased by India, but, the demands of that market have increased, since a minimum of 12 years and 50 centimeters in circumference is required, which leaves a surplus of inventory on the ground. \u00a0 \u201cEighty percent of Panama&#8217;s production -for the Indian market- is low quality tucas,\u201d Apex acknowledged. For its part, the wood used to manufacture outdoor furniture, maintains stable prices, but with a decrease in recent demand in Europe and the United States, due to changes in post-pandemic consumption. Fifteen percent of Panama&#8217;s wood is medium quality tuca. \u00a0 The report also stressed that there is a high demand for wood from native forests, for use in yacht flooring, luxury furniture, windows; however, it is prohibited to import this raw material to the European Union and the United States. Although Panama has the ideal conditions to produce wood of this quality, APEX indicated that a focus on premium production and FSC certification is required to access very demanding markets in terms of quality. In Panama, 5% of toucan production is of high quality. \u00a0 To diversify the market and products, APEX believes it is important to promote exports to certified markets focused on Europe and the United States and to boost local production to meet domestic demand, replacing imported products with competitive, quality alternatives. \u00a0 In terms of promotion, the association recommended including teak in the exportable offer promoted by the Ministry of Commerce and Industries (MICI). \u00a0 It also recommended publishing updated studies on exports and deforestation on the platforms of the MICI and the Ministry of Environment. \u00a0 Likewise, to define the participation of the diplomatic corps in international fairs and events. In addition, to align efforts between the public and private sectors to establish a strategic plan to position teak as a premium product. \u00a0 In the opinion of Bianca Mor\u00e1n, president of APEX, the Panamanian forestry sector has a very high potential, and there is a good opportunity for the country&#8217;s forestry sector to become an important player in the international market. About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. Facebook-f Youtube Instagram More articles<\/p>\n","protected":false},"author":1,"featured_media":7170,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_joinchat":[],"footnotes":""},"categories":[14],"tags":[],"class_list":["post-7169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Panamanian timber exports continue to decline, according to APEX &#8211; Ecotopia Teak<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ecotopiateak.com\/index.php\/2025\/01\/02\/panamanian-timber-exports-continue-to-decline-according-to-apex\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panamanian timber exports continue to decline, according to APEX &#8211; Ecotopia Teak\" \/>\n<meta property=\"og:description\" content=\"Most of the wood produced in Panama is tuca, of which 15 % is of medium quality, 5 % of high quality and 80 % of low quality, in an increasingly demanding market. Panamanian timber exports to Europe are low, mainly due to the recession in Germany, reveals the Panamanian Exporters Association&#8217;s (Apex) Report on the Panamanian Teak Export Outlook and Strategic Roadmap Proposal for Certified Commercial Reforestation. \u00a0 The document also raises an imbalance between the oversupply of low quality teak and the growing demand for premium teak, so it urges strategies to diversify markets and products along with management changes in the farms that are classified as premium producers. \u00a0 Two weeks ago, the Panamanian teak industry sent the first container to the United States and received the first sale to Italy, which will be shipped at the end of January.\u00a0 \u00a0 In the last 10 years, for example, the price (of wood) of low quality fell, on the contrary, the high quality rose. The difference in price was three times between low and high quality teak, and it is expected that soon the difference will be 20 times per meter between low and high quality. \u00a0 According to the report, India purchases 50,000 containers of teak and 12,000 containers of processed teak annually, but has not been able to absorb the excess supply generated by Latin America. \u00a0 According to APEX, in 2024 Panama exported 6,500 containers of tucas, representing 9% of the Indian market, which is the largest in the world. It also increased shipments to Vietnam, but exports are still down. \u00a0 APEX figures indicate that 95% of Panama&#8217;s worked wood production is mainly purchased by India, but, the demands of that market have increased, since a minimum of 12 years and 50 centimeters in circumference is required, which leaves a surplus of inventory on the ground. \u00a0 \u201cEighty percent of Panama&#8217;s production -for the Indian market- is low quality tucas,\u201d Apex acknowledged. For its part, the wood used to manufacture outdoor furniture, maintains stable prices, but with a decrease in recent demand in Europe and the United States, due to changes in post-pandemic consumption. Fifteen percent of Panama&#8217;s wood is medium quality tuca. \u00a0 The report also stressed that there is a high demand for wood from native forests, for use in yacht flooring, luxury furniture, windows; however, it is prohibited to import this raw material to the European Union and the United States. Although Panama has the ideal conditions to produce wood of this quality, APEX indicated that a focus on premium production and FSC certification is required to access very demanding markets in terms of quality. In Panama, 5% of toucan production is of high quality. \u00a0 To diversify the market and products, APEX believes it is important to promote exports to certified markets focused on Europe and the United States and to boost local production to meet domestic demand, replacing imported products with competitive, quality alternatives. \u00a0 In terms of promotion, the association recommended including teak in the exportable offer promoted by the Ministry of Commerce and Industries (MICI). \u00a0 It also recommended publishing updated studies on exports and deforestation on the platforms of the MICI and the Ministry of Environment. \u00a0 Likewise, to define the participation of the diplomatic corps in international fairs and events. In addition, to align efforts between the public and private sectors to establish a strategic plan to position teak as a premium product. \u00a0 In the opinion of Bianca Mor\u00e1n, president of APEX, the Panamanian forestry sector has a very high potential, and there is a good opportunity for the country&#8217;s forestry sector to become an important player in the international market. About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. Facebook-f Youtube Instagram More articles\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ecotopiateak.com\/index.php\/2025\/01\/02\/panamanian-timber-exports-continue-to-decline-according-to-apex\/\" \/>\n<meta property=\"og:site_name\" content=\"Ecotopia Teak\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Ecotopiateak\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-02T14:51:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-02T16:19:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/01\/gregh_181-9025562_20250101130629.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"394\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"market\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"market\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ecotopiateak.com\/index.php\/2025\/01\/02\/panamanian-timber-exports-continue-to-decline-according-to-apex\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ecotopiateak.com\/index.php\/2025\/01\/02\/panamanian-timber-exports-continue-to-decline-according-to-apex\/\"},\"author\":{\"name\":\"market\",\"@id\":\"https:\/\/ecotopiateak.com\/#\/schema\/person\/b1240cef050be359d037be516f6ac6c9\"},\"headline\":\"Panamanian timber exports continue to decline, according to APEX\",\"datePublished\":\"2025-01-02T14:51:16+00:00\",\"dateModified\":\"2025-01-02T16:19:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ecotopiateak.com\/index.php\/2025\/01\/02\/panamanian-timber-exports-continue-to-decline-according-to-apex\/\"},\"wordCount\":705,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ecotopiateak.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ecotopiateak.com\/index.php\/2025\/01\/02\/panamanian-timber-exports-continue-to-decline-according-to-apex\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ecotopiateak.com\/wp-content\/uploads\/2025\/01\/gregh_181-9025562_20250101130629.jpg\",\"articleSection\":[\"Economy\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ecotopiateak.com\/index.php\/2025\/01\/02\/panamanian-timber-exports-continue-to-decline-according-to-apex\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ecotopiateak.com\/index.php\/2025\/01\/02\/panamanian-timber-exports-continue-to-decline-according-to-apex\/\",\"url\":\"https:\/\/ecotopiateak.com\/index.php\/2025\/01\/02\/panamanian-timber-exports-continue-to-decline-according-to-apex\/\",\"name\":\"Panamanian timber exports continue to decline, according to APEX &#8211; 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Ecotopia Teak","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ecotopiateak.com\/index.php\/2025\/01\/02\/panamanian-timber-exports-continue-to-decline-according-to-apex\/","og_locale":"es_ES","og_type":"article","og_title":"Panamanian timber exports continue to decline, according to APEX &#8211; Ecotopia Teak","og_description":"Most of the wood produced in Panama is tuca, of which 15 % is of medium quality, 5 % of high quality and 80 % of low quality, in an increasingly demanding market. Panamanian timber exports to Europe are low, mainly due to the recession in Germany, reveals the Panamanian Exporters Association&#8217;s (Apex) Report on the Panamanian Teak Export Outlook and Strategic Roadmap Proposal for Certified Commercial Reforestation. \u00a0 The document also raises an imbalance between the oversupply of low quality teak and the growing demand for premium teak, so it urges strategies to diversify markets and products along with management changes in the farms that are classified as premium producers. \u00a0 Two weeks ago, the Panamanian teak industry sent the first container to the United States and received the first sale to Italy, which will be shipped at the end of January.\u00a0 \u00a0 In the last 10 years, for example, the price (of wood) of low quality fell, on the contrary, the high quality rose. The difference in price was three times between low and high quality teak, and it is expected that soon the difference will be 20 times per meter between low and high quality. \u00a0 According to the report, India purchases 50,000 containers of teak and 12,000 containers of processed teak annually, but has not been able to absorb the excess supply generated by Latin America. \u00a0 According to APEX, in 2024 Panama exported 6,500 containers of tucas, representing 9% of the Indian market, which is the largest in the world. It also increased shipments to Vietnam, but exports are still down. \u00a0 APEX figures indicate that 95% of Panama&#8217;s worked wood production is mainly purchased by India, but, the demands of that market have increased, since a minimum of 12 years and 50 centimeters in circumference is required, which leaves a surplus of inventory on the ground. \u00a0 \u201cEighty percent of Panama&#8217;s production -for the Indian market- is low quality tucas,\u201d Apex acknowledged. For its part, the wood used to manufacture outdoor furniture, maintains stable prices, but with a decrease in recent demand in Europe and the United States, due to changes in post-pandemic consumption. Fifteen percent of Panama&#8217;s wood is medium quality tuca. \u00a0 The report also stressed that there is a high demand for wood from native forests, for use in yacht flooring, luxury furniture, windows; however, it is prohibited to import this raw material to the European Union and the United States. Although Panama has the ideal conditions to produce wood of this quality, APEX indicated that a focus on premium production and FSC certification is required to access very demanding markets in terms of quality. In Panama, 5% of toucan production is of high quality. \u00a0 To diversify the market and products, APEX believes it is important to promote exports to certified markets focused on Europe and the United States and to boost local production to meet domestic demand, replacing imported products with competitive, quality alternatives. \u00a0 In terms of promotion, the association recommended including teak in the exportable offer promoted by the Ministry of Commerce and Industries (MICI). \u00a0 It also recommended publishing updated studies on exports and deforestation on the platforms of the MICI and the Ministry of Environment. \u00a0 Likewise, to define the participation of the diplomatic corps in international fairs and events. In addition, to align efforts between the public and private sectors to establish a strategic plan to position teak as a premium product. \u00a0 In the opinion of Bianca Mor\u00e1n, president of APEX, the Panamanian forestry sector has a very high potential, and there is a good opportunity for the country&#8217;s forestry sector to become an important player in the international market. About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. 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