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 June 2009

Top story

New country coverage: India

Recent trends show Indian forest products business booming 

Indian corporate results for the year ending 31 March 2009 showed excellent progress compared with the previous year’s results. The strong Indian economy and favorable trading factors has strengthened optimism all around. The real estate market has recently revived, which has given a boost to all-round demand for timber and panel products. In the present economic recession, India has held up remarkably well, as has its wood and wood products business.

Ghana announces removal of taxes on imported timber 

At an ITTO-sponsored conference in Ghana, Ghana’s Vice President John Mahama announced the removal of taxes on logs and sawn timber in an effort to boost the timber industry. He explained that a slump in demand for the country’s timber products, particularly mahogany and odum, had forced some of the country’s lumber and veneer prices down. These facts were supported by a study on intra-African trade launched by ITTO at the conference. Mahama encouraged African countries to work together to offset the downturn in timber markets and encourage the free flow of trade. 

Also in this issue

  • Ghana sees no significant change in market conditions
  • GGhana’s non-traditional exports surge despite global crisis
  • STIDC reports slump of 27% in exports
  • New forestry investments climb in Indonesia
  • No respite for Brazil’s wood products exports
  • Argentina restricts imports of Brazilian furniture  
  • Bolivia reports decline of forest products exports in first quarter 
  • Guyana sets pace for combating illegal logging
  • China raises export tariff rebate rate for seventh time
  • China’s Putian Port log imports jump in early 2009
  • Massive drop in EU-25 imports during first quarter
  • Requests for assistance with TFLET project proposal formulation


Data snapshot

Chart 1: EU-25 quarterly imports of hardwood products from developing countries 1st Qtr 2007 to 1st Qtr 2009 

Chart 1 above shows the quarterly volume of logs, rough sawn timber, veneer and plywood imported from developing countries by the EU-25 group of countries (i.e. all EU countries excepting new members Romania and Bulgaria) from the start of 2007 until the first quarter of 2009. It highlights that the dramatic decline in EU imports of hardwood logs and rough sawn lumber from developing countries which set in from the start of 2008 has continued at least until the end of the first quarter of 2009. It shows that EU imports of hardwood plywood from developing countries stayed reasonably stable until the end of the third quarter of 2008, but then fell dramatically in the subsequent two quarters. Imports of hardwood veneer fell slowly and consistently throughout the course of 2008, but the decline flattened out in the first quarter of 2009



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