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 February 2018

Top story

EU importers – “2018 could be a good year for those with plentiful stocks”

EU importers anticipate competition for supplies will be a challenge in 2018. The other main challenge anticipated is stricter implementation of the EUTR.

Large importers with economies of scale able to order and store large volumes of tropical timber to meet just-in-time market requirements and also with resources to manage legality regulation requirements will flourish as small and medium sized companies exit the trade.


Also in this issue

  • Ghana gets furniture testing centre to improve competitiveness
  • Commercial arm of Malaysia’s Forest Research Institute launched
  • Royalty rates to be raise in Myanmar
  • PEFC lauds Indian certification system
  • SERFOR penalises forestry consultants for manipulating data
  • China’s national accreditation body recognised by US EPA
  • Kevazingo not a recognised ‘redwood’ in China’s new national standard
  • Upswing in EU timber consumption not benefitting tropical suppliers

             

 

Data snapshot

Logs dominate Indian imports



Data source https://wits.worldbank.org/CountryProfile/en/IND
 

Some 25,000 small mills in India
India is a major importer of tropical logs accounting for around a third of all international trade in thesel logs. Log imports make up around 80% of all India’s wood product imports.
 
Most of the imported logs are destined for the thousands of small sawmills and plywood mills in the country. There are an estimated 25,000 low-tech saw/plymills in the country, each with an annual input of less than 3,000 cubic metres.

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