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.


 

 

16-31 August 2015

Top story

US wooden furniture imports highest since recession

US year-to-May furniture imports were 11% higher than in the January to May period in 2014.
Furniture stores in the US have seen rising sales. Furniture sales were low this spring but May sales signal a firm recovery.
 
May 2015 furniture retail sales were 5% higher than in May 2014.
 

Also in this issue

  • Purchases for Middle Eastern, Indian and EU markets compensate for losses in China
  • Sarawak first half exports fall 13 percent
  • New tax incentives in Indonesia, timber sector included 
  • High volume of teak veneer flitch exports From Myanmar raise questions
  • Brazil to release more forest concessions
  • China’s first half log imports fall
  • German timber traders report slow business
  • US homeownership at record low – a trend that could impact demand for wood products
  • Manufacturers in Ghana express concern on economy

Data snapshot

China’s log imports fall
 



Source: CAF analysis of China Customs data

In the first half of 2015 82% of China’s log imports came from 8 countries. Log imports from most fell except for those from the Solomon Islands which rose 25% and Australia which were unchanged from a year earlier.  

China’s log imports from Japan rose dramatically (52%) in the first half of 2015. The very small quantity of logs from Japan (less than 200,000 cu.m) are used to produce wood-based panels, packaging and pallets.

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