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 2015

Top story

Change underway in Japan’s plywood industry

Over the past twelve months the structure of the plywood sector in Japan has changed drastically. The Japan Lumber Reports suggest there is a major restructuring of domestic production underway.
Because the yen has depreciated sharply imported plywood has become more expensive but importers cannot recover their costs as domestic demand is weak. Japanese plywood manufacturers are now producing more non-structural plywood in anticipation that housing starts are likely to continue to decline.

Also in this issue

  • West African exporters see a widening price gap – suggesting a new demand trend
  • India’s ‘Housing for all’ project gets boost from Canada         
  • Timber exports improve but production costs rise in Brazil
  • Children’s furniture sector in China cheers two child policy
  • EU auditors’ critique of FLEGT warns a danger of “FLEGT fatigue“ 
  • Tropical sawnwood imports by US higher than any time since US recession
  • Joint Canada-US initiatives to expand global market for softwood

Data snapshot

Slowing demand for logs in China

Source: CAF analysis of China Customs data

Log imports down 14% in first half
In the first half of 2015 China’s log imports were 23.123 million cubic metres valued at US$4.38 billion, down 14% in volume and 32% in value on the same period in 2014. Almost 90% of China’s log imports came from 15 countries.  Seven tropical log suppliers appeared in the top 15 log supply countries in the first half of 2015: Papua New Guinea, Solomon Islands, Cameroon, Equatorial Guinea, Mozambique, Nigeria, and Malaysia.

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