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 May 2016

Top story

Buyers  Beware!


It has come to our attention that the proprietors of www.globalwoodmarketsinfo.com are copying material from our free Market Information Service Report and asking subscribers to their website to pay for this.
 
The owners of this website have cleverly hidden their identity so we have been unable to contact them on this issue.
 
We would advise any prospective subscriber to ‘globalwoodmarkets’ to first explore the wealth of market information available free of charge from ITTO as part of its mandate to promote a sustainable tropical timber trade.
See:
http://www.itto.int/market_information_service/
 

Also in this issue

  • Strategy to balance output is paying off for African millers
  • Ghana investment promotion agency wins award
  • Malaysia re-approves hiring of foreign workers for furniture sector
  • Final decision on harvesting ban – only after consulting stakeholders says Myanmar Minister
  • Digital platform to improve transparency in Brazilian timber transactions
  • Japan’s annual housing starts forecast at only 600,000 by 2025
  • Growth in EU imports of tropical timber slows

Data snapshot

Tropical suppliers grab greater share of EU flooring market



Source: ITTO IMM analysis of Eurostat
 

Welcome rise in 2015 EU wood flooring imports from tropical countries

In contrast to EU imports from China, imports from tropical countries increased 3% to 4.46 million sq.m in 2015, the first increase since 2004.
 
Indonesia remains the single largest tropical supplier of wood flooring to the EU. Although still low by historical standards, EU imports from Indonesia increased 4% to 1.59 million sq.m in 2015.
 
There was also a partial rebound in imports from Brazil (+21% to 0.81 million sq.m) and continued slow growth in imports from Vietnam (+9% to 0.33 million m2). However imports from Malaysia declined 5% to 1.27 million sq.m.

 

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