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.


 

 

16-30 November 2016

Top story


Action by Peru to address forestry and timber trade issues


Representatives of the Governments of Peru and the United States met this month to exchange information on progress with the Peru - United States Trade Promotion Agreement.

Peru announced action that will be implemented promptly as part of its domestic agenda to address on-going challenges regarding the timber export trade and in strengthening the forestry sector.
 


Also in this issue

  • Slow exports hit government coffers in West and Central Africa
  • VPA legislation ready for parliamentary discussion in Ghana
  • Rosewood and teak fall out of fashion in South Africa
  • Myanmar Merchants Federation says it can deliver details of timber origin
  • India streamlines procedures for wood industry license applications
  • Brazilian wood industry sectoral study published
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  • Changing domestic log market – Japan’s self-sufficiency rises
  • Logistics zone in China specifically for Brazilian timber imports
  • EU Tropical wood import trends across Europe more variable this year
  • US housing starts and existing home sales at highest level since 2007
  •   

 


Data snapshot

Malaysia’s success in the international furniture market



Data source: Dept. of Statistics, Malaysia

With more than 2,400 furniture companies the furniture industry is one of Malaysia’s biggest revenue earners exporting over RM 7 billion to more than 160 countries annually.
 
Malaysia’s successful furniture export trade has been built upon a strong manufacturing foundation, an abundance of high quality timber, skilled workers, excellent design capabilities and good manufacturing practices.
 
http://www.matrade.gov.my/en/foriegn-buyers-section/69-industry-write-up--products/621-furniture
 
 

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