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 November 2017

Top story

US survey - architects and designers lack knowledge on endangered species

A survey of US architects and designers finds few have knowledge of endangered and threatened wood species and often do not know which alternative species or materials to use.
 
The survey also found that few respondents could correctly identify the most endangered timbers from a list provided but 70% agreed that using responsibly sourced wood is a priority.
 
Suppliers of tropical wood products have an opportunity to educate designers in the US about tropical species, sustainable tropical forest management and legal procurement.


Also in this issue

  • Ghana industries to enjoy reduced power rates
  • Myanmar millers lobby MTE to sell logs in local currency
  • Gabon okoume veneers gain a foothold in India
  • Huge reforestation initiative in Brazil’s ‘Arch of Destruction’
  • Japanese banks pulling out of housing loan business
  • Japan’s sawnwood exports up 60%
  • UK sawn hardwood market holds up well despite Brexit concerns
  • Falling EU imports of mixed hardwood plywood from China
  • Commerce Department plywood investigation goes against Chinese manufacturers

             

 

Data snapshot

 



Data source UNCTAD

Forecast growth in ocean shipments
UNCTAD’s Review of Maritime Transport 2017 says seaborne trade grew by 2.6% in 2016 but the pace remained below the historical 3% average. Demand for shipping space is still below supply.
 
On average, transport and insurance costs account for about 15% of the value of imports but can be as much as 22% for small island developing states, 21% for the least developed countries and 19% for landlocked developing countries. 
 
See: http://unctad.org/en/pages/PressRelease.aspx?OriginalVersionID=433

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