Wood prices are stable in the local market

carpenter at the wood storage
(Photo: Envato Elements)
AMMAN — The local market’s unprocessed wood prices are stable, governed by the principle of supply and demand, representative of Construction Sector of the Jordan Chamber of Commerce Jamal Abed Al-Mawlla said, according to Al-Mamlaka TV.اضافة اعلان

Mawlla pointed out Tuesday that wood prices were affected by the global economic conditions that emerged during the coronavirus pandemic, alongside rising prices of raw materials in the countries of origin and hiked shipping prices to unprecedented levels.

But he added that local wood prices recently began to stabilize, owing to their availability in quantities that cover requirements for continued imports, as well as strong competition between importers and traders.

Jordan imports non-manufactured wood of various types from several countries, most notably China, Finland, Germany, Indonesia, Sweden, and Thailand, which are duty-free but are subject to 16 percent sales tax.

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