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 January 2015

Top story

China’s ‘redwood’ imports close to 2 mil. cubic metres in 10 month

According to China Customs, between January and October 2014 China’s redwood imports totalled 1.85 million cubic metres valued at US$2.4 billion. This represents a rise of 92% in volume and 124% in value from the same period in 2013.
 
Of the total, redwood log imports were 1.57 million cubic metres valued at US$2.05 billion, up 82% year on year. 

Also in this issue

  • No decline in teak auction prices after log export ban
  • Furniture industry braces for tough competition              
  • Construction companies in Japan report firm orders
  • Oversupply drives down Chinese home prices
  • Downturn in European window and door market forecast for 2015
  • Steep decline in US plywood imports in October
  • New Feature - Price indices for selected products​

Data snapshot

Price indices relaunched in ITTO MIS report



 

The January 2015 issue of ITTO’s market report includes a new feature, FOB price indices for selected wood products. As market price movements are reported throughout the year these will be incorporated into the indices. Initially the indices cover meranti logs, a selection of West African log and sawnwood species and Malaysian and Brazilian sawnwood and plywood. 

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