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 July 2014

Top story

China’s international trade in wood processing machinery

The value of China’s wood working machinery exports in 2013 was US$2,319 million, a year on year increase of 3%. Of this, 35% was exported to the EU, 30% to the US and 23% to Asian countries. Other significant markets were in Central and South America, Oceania and Africa.
 
According to a report from the China Forestry Machinery Association significant achievements have been made in the machinery manufacturing industry since the Chinese economy was opened.  
 

Also in this issue

  • Gabon limits export sawnwood sizes
  • ITTO publishes EPD for meranti plywood
  • Indian budget to boost real estate development             
  • Japan’s regional housing growth on sound foundation
  • JLR reports on volume of imported legal wood
  • EU wooden furniture imports fall relative to non-wood furniture
  • Harmonisation of N. American standards for windows and doors

Data snapshot

Japan still a major supporter of the trade in tropical timber






 

In the early 1990’s Japan was the world's number one importer of tropical logs but log imports declined rapidly over a decade as many Japanese mills processing imported tropical logs ceased operations.
 
However, instead of producing plywood from imported tropical logs Japan began to increase imports of plywood from tropical and non-tropical sources. If the 2013 imports of tropical and tropical sawnwood are converted to a roundwood equivalent and added to the volume of tropical logs that are still imported then, at approximately 4.3 million cubic metres, Japan remains a major importer of tropical timber alongside China and India.

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