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 2016

  

Top story


Investment in veneer plants in Gabon

After Myanmar, Laos, Vietnam and Indonesia, Gabon has emerged as a new location for veneer production by Indian companies.
 
The news from Gabon is that three or four Indian plywood companies are considering setting up plants in the GSEZ for the production of face veneer.  The Indian plywood industry consumes approximately 1,400 containers of veneers every month.
 


Also in this issue

  • Kevazingo/bubinga export possible, but only fully processed products
  • Softening meranti prices a challenge for okoume in South African market
  • Sarawak proposes State centre for acacia furniture development
  • Indonesia’s first FLEGT timber to be shipped to Belgium and UK
  • Myanmar - Harvesting to resume in April
  • India imposes anti-dumping duty on MDF
  • Amazon furniture attracts international interest
  • Prices for Chinese plywood decline in international markets
  • A milestone for Indonesia’s tropical timber in Europe    
 


Data snapshot

Trends in South African Building and Construction Investment



 

Trends in China’s first half 2016 timber imports
Between 2010 and 2015 the output of China’s wood products sector expanded an average 5% annually but this pace of growth has been showing signs of declining. Imported logs and sawnwood are essential for Chinese industry but as growth has slowed so have imports.

In the first half of 2016 China’s imports of logs grew just 3% year on year however imports of tropical logs rose by over twice that amount. In the case of sawnwood, total sawnwood imports and imports of tropical sawnwood grew by around the same amount (18% and 16% respectively.) tropical sawnwood comprises a much higher proportion of total sawnwood imports than five years ago.

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