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UITED NATIONS, Dec 25 (APP):After a sharp decline in 2023, the global forest products sector saw signs of stabilization in 2024, according to Global forest products facts and figures 2024 , released today by the Food and Agriculture Organization of the United Nations (FAO), a Rome-based UN agency.
The report highlights that global international trade in wood and paper products has regained momentum, with modest growth recorded across most major product groups.
The upswing comes after a 14 percent drop overall in trade of wood and paper products in 2023, it was pointed out..
FAO’s statistics cover 77 product categories, 27 product groups and over 245 countries and territories. The report presents recent trends in data for trade and for each of the main forest product groups.
Different types of trees can be used for housing, shelter, heat, food, medicine and even textiles or buildings.
“Forests support millions of livelihoods worldwide, and the number is set to rise as forests offer more economic opportunities in a growing range of industries, including sustainable wood production,” said FAO Director-General Dongyu Qu.
Promoting the sustainable use of forests is also part of Sustainable Development Goal 15, a vision countries have agreed to.
When sustainably used, forests sustain life, it said. Another recently published report by FAO assessing forest resources showed that the net loss of forest area has been reduced by more than half since the 1990s and that over 90 per cent of forests are regenerating naturally.