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 May 2010

Top story

Guangdong furniture exports reach record high

Furniture and parts exports from Guangdong Province rose 34% to a record high of US$1.05 billion in April 2010. Exports of furniture and parts from Guangdong represent 50% of the total furniture and parts exports from China.
Guangdong’s furniture and parts were mainly exported to the USA and Europe as well as ASEAN countries. Exports to the ASEAN market amounted to US$540 million, up 77%. This increase stems from the China-ASEAN free-trade agreement which has been in effect from the beginning of this year.
The statistics illustrate that China’s furniture exports to the USA continued on a strong note during the April despite the recently amended US Lacey Act.
 (see details on page 12)

Also in this issue

  • Aftermath of log export ban 
  • Ghana chalks up gains in first quarter trade
  • Ensuring continued access to the EU timber market 
  • Indonesian furniture industry targets brisk growth in exports 
  • Shortage of inputs in Indian board production
  • Brazil sustains exports growth 
  • Forest product exports recovering in Bolivia 
  • Log enduses in Japan
  • Cameroon signs Voluntary Partnership Agreement with the EU
  • Recovery forecast for the US housing construction

Data snapshot

Production of tropical hardwood parquet in FEP countries (‘000’ square metres)


Statistics issued by the European Parquet Flooring Federation FEP confirm preliminary estimates of a 20% reduction in European parquet flooring production last year to 67.5 million square metres.

The FEP statistics are the only numbers regularly compiled for a European end-use sector providing an insight into usage rates of different wood species.

The 2009 figures are reinforcing the assumption that oak has been taking over the market share from tropical hardwoods, which saw their share of usage rates dropping from around 15% in 2008 to only around 10% in 2009. While production of tropical parquet flooring fell in all the FEP countries during 2009, the decline was particularly sharp in Italy, France and Austria (see table).


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