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 June 2018

Top story

Tight supply of Vietnamese plywood

The supply of Vietnamese eucalyptus plywood for crating is becoming tight says the Japan Lumber Reports (JLR).
 
In Vietnam, construction of large plywood mills by Chinese companies continues. These plants purchase large volumes of eucalyptus veneer so plants manufacturing for the Japanese market are finding it difficult to secure raw materials.
 
Prices for Vietnamese plywood have climbed as high as US$310 per cu.m C&F and further increases are anticipated. This price is too much for the market in Japan says the JLR.


Headlines
  • Business is good in Middle East but shipping problems remain an issue for African exporters
  • Return to previous tax regime could lower production costs for Malaysian furniture makers
  • Myanmar’s exporters overwhelmed by requests for documents verifying legality
  • Furniture output in Brazil shows healthy growth
  • Demand shifting to domestic wood in Japan
  • Rise in Thailand’s sawnwood exports to China
  • Firming demand for plywood in EU but sales suffer from supply problems and price rises
  • Timber Innovation Act supported by group of US Senators
 

             

  Data snapshot

   

snap2018_6A.jpg
Data source: China Customs

Rise in Thailand’s sawnwood exports to China
Of total sawn hardwood imports, tropical sawnwood imports were 6.68 million cubic metres valued at US$2.526 billion, up 16% in volume and 19% in value and accounted for 18% of the national total.
Just 5 countries supplied over 90% of China’s tropical sawnwood requirements in 2017 namely, Thailand (72%), Gabon (6%), Philippines (5%), Indonesia (5%), Malaysia (4%).

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