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 March 2010

Top story

Wood promotion in public buildings

Further details of the content of the Bill from Japan’s Ministry of Agriculture, Forestry and Fisheries promoting wood use in public buildings have been reported in the Japan Lumber Reports (JLR).

The Bill is said to be aimed at raising the use of wood in low rise public buildings from the present level of 7.5% to 20-30%. This, according to the Forestry Agency, could increase wood consumption by between 700-800 thousand cubic metres annually.

The package of support for manufacturers contains legal, financial and technical elements which are still under discussion. The JLR reports that this initiative in the public sector will have a knock-on effect on the private sector leading to a greater use of wood in buildings.

Also in this issue

  • Alternative materials for Malaysian furniture
  • USAID helps interpret Lacy Act in Indonesia
  • Indian housing market lifts timber prices
  • ‘Ghost’ timber companies caught in Pará State
  • Wood promotion in public buildings
  • EU economies under stress
  • Low stock levels in EU
  • Wood Flooring Association’s responsible procurement

Data snapshot

Sawnwood FOB price trends (US Imports)


US imports of tropical hardwood lumber in 2009 were down -33% year on year. Only Teak imports have held up and are similar to last levels achieved in 2008. The combination of higher demand from buyers in Asia and low lumber production in some areas, especially South America, has resulted in price increased for tropical lumber in the US market. Currently, US demand for tropical hardwood lumber remains weak despite low inventories.

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