Market Information Service

Towards greater transparency in the tropical timber markets

The ITTO Tropical Timber Market (TTM) Report, an output of the ITTO Market Information Service (MIS), is published in English every two weeks with the aim of improving transparency in the international tropical timber market. The TTM provides market trends and trade news from around the world, as well as indicative prices for over 400 tropical timber and added-value products.


 

 

1-15 September 2017

Top story

Comment invited on latest FLEGT report

Public comments are invited on a draft report by the Independent Market Monitor (IMM), a multi-year project implemented by ITTO and financed by the European Union.
 
The new IMM report reviews the latest data on forest resources in VPA partner countries and on the timber trade between partner countries.
 
The report discusses prospects for Indonesian timber in the EU market, the status of EUTR implementation and the market position of FLEGT licensing in relation to private sector legality verification and certification initiatives.


Also in this issue

  • Unusually long period of price stability for African timbers
  • Negative sentiment and weak currency weighing on South African construction sector
  • Raw material and labour shortages to drive down Malaysian export prospects
  • Indonesian furniture exporters face tough competition in international markets
  • Indian housing starts crash in first half of year
  • Wood panels in tight supply in Japan
  • Tropical sawn wood imports decline in nearly all EU member states
  • US extends date for compliance with new formaldehyde emissions standards

             


Data snapshot

China -Africa’s biggest economic partner



Data source: International Trade Centre


Trade between China and Africa countries has grown from US$13 billion in 2001 to over US$185 billion as of 2015 surpassing traditional trade partners in Europe and more recently, India which is now Africa’s second largest trade partner.
 
African countries import mainly manufactured goods from China while its exports to China are mainly of oil, minerals and semi-processed raw materials.
 
A June 2017 report from Mckinsey & Company provides an extensive assessment of the China-Africa trade. See: www.mckinsey.com/africa-china.
 

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