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 January 2010

Top story


EU closer to FLEGT trading regulations

The 2986th EU Council meeting on Agriculture and Fisheries held in Brussels on 14-16 December 2009 reached a partial political agreement on the text of a draft Regulation laying down the obligations of operators who place timber and timber products on the market.

Agreement on the entire text could be reached during one of the Council forthcoming meeting. The Council adopted the FLEGT (Forest Law Enforcement, Governance and Trade) Regulation in December 2005 and gave the Commission mandate to open negotiations with third countries willing to enter voluntary partnership agreements. Source: Council of the EU
see . 

Also in this issue

  • Exports of non-premium logs

  • Optimism returns

  • Wood sailing vessels

  • The Amazon fund

  • 2009 exports down 34%

  • Promotion of legal timber

  • Survey in Shuifenhe

  • Weak market prospects

  • Bright spots

  • US market prospects

Data snapshot


U.S. furniture imports fell 23% during the first three quarters of 2009 compared to the same period in 2008 according to from the U.S. International Trade Commission. Over the same trading period China dominated the import trade and accounted for some US$2.3 mil or 41% of US imports. Vietnam maintained its second ranked position and accounted for 16% of US imports. However, imports from China registered a sharp decline in the first three quarters of 2009 (-27%) year on year.

For the top ten suppliers on non-upholstered furniture to the US in 2009 the Philippines and Canada saw a massive fall in imports by the US.

Compared to the level of imports in 2007, US imports of non-upholstered furniture in the first three quarters of 2009 stood at US5.5 million or only around half of the full 2007 figure. The indications are that full year data for 2009 will show a continuing decline in imports.

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