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 April 2009

Top story

Peruvian exporters redirect trade to local markets 

Wood exporters in Peru have been rerouting exports to the national market as well as to non-traditional market destinations overseas, as the international economic downturn has negatively affected demand from traditional market destinations for Peruvian exports. Currently the countries importing most of Peru’s wood products are Mexico, China and the US, according to the Peruvian Exporters Association (ADEX). ADEX Forestal Committee President Santiago Echecopar explained that of the USD222 million of 2008 Peruvian exports, three countries accounted for 84% of Peru’s total exports worth USD185.9 million.

China’s wood products exports and imports continue to slide

According to recent statistics from China Customs, both imports and exports of China’s wood products continued to decline in February 2009 due to the international financial crisis and Chinese spring festival period. The drop in exports and imports has lasted five months, since October 2008. Exports fell dramatically due to sharp decreases in furniture exports. Exports of wood-based panels, wooden flooring and small wooden products also continued to decline. Statistics show the total value of wood products imports and exports fell about 20% to USD3.14 billion, accounting for 2.5% of foreign trade, down 0.38% from January 2009. Of the total, the value of wood products exports declined 26% to USD1.5 billion and the value of wood products imports fell 13% to USD1.6 billion. 

Also in this issue

  • Marginal price changes in West Africa amid dull market
  • Ghana’s export applications drop 21% in fourth quarter 2008
  • Malaysian furniture manufacturers face threat of closure
  • Indonesia faces critical shortage of rattan
  • Brazil’s March 2009 exports continue downward trend
  • Peru’s exporters redirect trade to local markets
  • Bolivia’s estimates show 10% decline in 2008 forest sector exports
  • Guyana’s prices surge over previous fortnight
  • Japan’s housing and plywood markets show decline in early 2009
  • China’s wooden products exports and imports continue to slide
  • Italy’s Salone show reflects resilience of furniture market 

Data snapshot

 





 

Brazil’s wood products exports (except pulp and paper) dropped 38% by value compared to the same period in 2008. The charts above show the volume and value of Brazil’s exports for March 2009 compared to the same month a year earlier.

 

 

 


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