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 March 2014

Top story

Reliance on timber imports of concern
 
India has been meeting its growing demand for wood products through increased imports as domestic supplies are insufficient but the dependence on imports is of concern.
 
A high proportion of domestic logs come from farmers and land owners which, under the present regulations, have little incentive to grow trees for the timber industry. To boost timber production a National Agro forestry Policy has been drafted which will remove the unfavourable regulations in the Indian Forest Act on felling and transportation of farm grown trees.
 
Government estimates suggest that the policy will help increase the area under agro forestry from 25 million ha. to 53 million ha.

 

 

Also in this issue

  • Changes in Congo Brazzaville may boost availability of logs
  • Myanmar log export ban to benefit Malaysian companies
  • Heavy rains and poor roads driving up timber transport costs in Brazil
  • Sharp fall in Japan’s consumer confidence due to impending tax hike
  • China diversifies sawnwood sources
  • EU tropical wood imports decline 13% in 2013
  • EU construction rises slightly but remains 20% below pre-crises levels
  • ETTF reports only limited impact of EUTR to date
  • More US manufacturers offering ‘tropical’ look-alike but non-wood decking

Data snapshot


 

German buildings permits

 

Year-on-year growth in exports
Ghana’s timber exports for the 2013 recorded a year-on-year growth in terms of both volume and value according to available data from the Timber Inspection Development Division (TIDD) of the Forestry Commission. 2013 exports of boules, plywood and curls were well down on 2012 levels.
 
Overall, the volume of exports increased just over 8% in 2013 compared to 2012 while the value of 2013 exports rose a healthy 19.5%.
 
In addition to traditional markets in the United States, China, Germany, UK and India ECOWAS countries, especially Nigeria, Burkina Faso, Niger, Benin and Senegal, were significant buyers of Ghana’s wood products in 2013.

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