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 2015

Top story

Furniture manufacturers struggle against weak domestic demand
 
Brazilian furniture production fell by almost 11% in February and amongst producers in Rio Grande do Sul State, one of the leading furniture producer states, the decline was just over 19%.  This downturn in factory output reflects mainly the decline in domestic demand.
 
The latest figures also show that furniture prices in the domestic market have increased by almost 4.5% over the past 12 months because rising energy prices have driven up production costs.

Also in this issue

  • Neighbouring countries the main market for Ghana’s plywood
  • Indonesia’s moratorium on forest clearing to be extended and strengthened
  • New faces in Myanmar Timber Merchants Association
  • Rising list prices disguise heavy discounts on offer in Indian housing market
  • African mahogany has great potential in Brazil                                    
  • Calls for the legalisation of China-Myanmar timber trade
  • Construction in the EU forecast to remain flat in 2015
  • US furniture market outlook is positive for 2015 and 2016

Data snapshot

Trend in EU imports of wooden doors



 

Imports contribute little to EU consumption of joinery
With the exception of flooring, imports contribute only a small proportion of EU consumption of joinery products.  The EU imported wooden doors with total value of €285.3 million in 2014, 3.8% more than the previous year. The value of wooden door imports from China, the largest non-EU supplier, increased 13.7% to €100.7 million in 2014. However imports decreased from Indonesia and Malaysia - the second and third largest non-EU suppliers.

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