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.


 

 

MIS 1-15 July 2017

Top story

Tropical wood continues to lose share in European flooring market

European consumption of real wood flooring (i.e. excluding laminates) remains flat and the role of tropical timber in this sector is declining.

The reasons for this include the shift to engineered flooring products, intense competition from Eastern European and Chinese manufacturers for market share, a progressive switch to oak at the expense of all other hardwoods, a glut in supply of cheaper laminates and non-wood alternatives, the development of new products and the inability of consumers to distinguish between real wood and look-a-likes.


Also in this issue

  • Buyers committing to longer term contracts for West African timber
  • A reduction in import duties debated in Ghana
  • Once again Malaysia bans sawn rubberwood exports
  • 20,000 plus FLEGT licenses from Indonesia
  • Japan’s Fukushima forest declared radiation free – logging to resume
  • Trends in China’s domestic demand for wooden flooring
  • Cameroon expands sapelli sawnwood exports to Canada

             


Data snapshot

MDF capacity trends higher in Turkey and Russia



 

Turkey relies on imported chips for MDF production

The June/July issue of WBPI reports its survey of MDF capacity developments. At the end of 2016 capacity in Europe had risen 9.7% from a year earlier and 2017 capacity is forecast to rise another 7.5% with most of the expansion being in Russia, Belarus and Turkey.

Turkey’s MDF industries are unique in that most of the timber raw material for MDF production is imported as chips. Most other countries in Europe use domestic timber resources.
 

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