The Global Timber Index (GTI) report for November 2025 indicated that Ghana was the only pilot country with a GTI reading above the 50% threshold, recording 60.0% and extending its prior expansion trend. The indices for all other countries were in contraction territory, with China (49.6%), the Republic of the Congo (49.6%), Brazil (49.5%), Indonesia (49.1%), and Thailand (49.1%) recording figures close to the threshold. Ecuador (44.5%), Mexico (44.3%), Malaysia (33.2%) and Gabon (30.2%) posted lower readings, signaling obvious downturns in their timber sectors.

GTI sub-indices revealed that Indonesia, Brazil, Ecuador, and China saw a month-on-month increase in new orders. Ghana and Brazil recorded growth in both harvesting and production, reflecting active supply-side performance in the two countries. However, the inventory of main raw materials had continued to decline for several consecutive months in countries like Malaysia, Thailand, Brazil, and Mexico, indicating relatively tight raw material supply in these countries.

November also brought significant shifts in trade policies across many countries and regions. For instance, on 7 November, China’s General Administration of Customs announced the resumption of log imports from the United States effective 10 November, ending an almost eight-month suspension and signaling a new supply variable into China’s timber import market. On 26 November, Gabon’s transitional Senate approved the 2026 Finance Bill (PLF), introducing a new differentiated export tax structure for the timber sector based on the processing level—15% export duty for primary processed products, 10% for secondary processed products, and 3.5% for tertiary processed products.

Notable progresses in sustainable forest management are also covered in this report. During the Belém Leader Summit held in Brazil on 6 November, Indonesia’s Special Presidential Envoy for Energy and Climate Change, Hashim Djojohadikusumo, stated that Indonesia would actively participate in Tropical Forest Forever Facility (TFFF) and had committed to matching Brazil’s contribution of US$1 billion. On 10 November, Malaysian Plantation and Commodities Minister Johari Abdul Ghani stated at the Malaysian Wood Expo (MWE) that as of October 2025, a total of 5.85 million hectares of Malaysian forests had been certified under the Malaysian Timber Certification Scheme (MTCS), endorsed by the Programme for the Endorsement of Forest Certification (PEFC), placing Malaysia among the top 10 countries globally with the largest PEFC-certified forest area. On 27 November, Ecuador's Ministry of Environment and Energy presented advances in the national REDD+ policy implementation, which revealed that 705,639 hectares of natural forest are currently under conservation, 353,782 hectares are under sustainable forest management, 36,080 hectares have been restored, and 101,660 hectares are under sustainable production systems.

GTI Report - November 2025.pdf