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 2014

Top story

Trade group calls on ITTO to develop a strategy to harness the experience and  energy of the private sector

In its Trade Statement delivered to the International Tropical Timber Council (ITTC) the Trade Advisory Group (TAG) called on Council to develop innovative ideas for a strategy to harness private sector experience and resources to help ITTO meet its objectives.
 
The TAG Coordinator said, “The strategy should be developed drawing on the accumulated experience and expertise of ITTO and public and private sector actors to secure the future of tropical forests and the international tropical timber trade.”
 

Also in this issue

  • Challenges in global timber markets the focus of ITTO’s Annual Market Discussion
  • Indonesian SMEs to benefit from changes to legality verification rules
  • Myanmar Timber Industries to lease mills to private sector
  • Indian Panel Federation President speaks out on securing domestic raw materials
  • Guyana to raise log export tax in 2015
  • Japanese households cut back on buying furniture
  • Bridging the tropical communication gap – the feature of ATIBT International Forum
  • Vietnam grabs higher share of US furniture market​

Data snapshot

Changes in Japanese Family Expenditure
Jan-Sep 2014 (%)



Data source: Statistics Bureau, Japan

The latest Family Income and Expenditure Survey reported by Japan’s Statistics Bureau shows average monthly household income down 6.0% in real terms from the previous year. Household consumption in Japan is declining and this is affecting sales of wood products.
 
Japan’s imports of bedroom furniture continued to fall in September and imports of kitchen and office furniture followed suit. The weakening of furniture imports reinforces the view that consumer sentiment is negative and that the Japanese economy is yet to recover from the consumption tax increase in April.

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