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.



16-31 October 2010

Top story

Hardwood plywood makes gains – other market sectors remain fragile

The latest EU-wide trade data indicates that imports of hardwoods from developing countries, while still at historically very low levels, were showing early signs of recovery in the first half of 2010. During this period, European imports of hardwood logs, sawnwood, plywood and veneers from developing countries totalled 1,721,000 cu.m, a 21% gain on the volume achieved in the first half of 2009.
Most of the gains were made in the second quarter of the year after a very slow start to 2010. Import performance also varied widely by European country. The overall result was strongly affected by big increases in imports of plywood by the UK and of eucalyptus logs (destined for the paper rather than solid wood sector) by Portugal. Imports into several European countries including Spain, Greece and Denmark remained very weak.
(see details on page 13)

Also in this issue

  • Malaysia and Thailand in joint effort to promote rubberwood
  • Arrangements in place for 2-year moratorium in Indonesia
  • Indonesia ready for talks on illegal timber with Malaysia
  • India faces rising housing shortage
  • Argentina emerges as top market for Brazilian furniture
  • Peru wood and timber product exports still below pre-crisis levels
  • Plywood industry groups hold meeting in Kuala Lumpur
  • Greater use of eco-materials in Japan
  • China-ASEAN Timber and Wood Products Exhibition
  • UNECE Timber Committee issues market statement and forecasts for US and Canada

Data Snapshot

Japan: Domestic plywood production and plywood imports
  (January to August 2010)



Japan’s plywood imports from Malaysia have trended upwards during the first eight month of this year. However, imports from Indonesia have not followed the general trend, remaining flat. In addition, Japan’s domestic plywood production rose till June this year.
The strong Yen has encouraged importers to increase imports. However, importers are now becoming cautious as the plywood market in Japan remains subdued and imports are expected to decline in the last quarter of the year.
Plywood imports from Malaysia for the first eight months of the year have been more than expected, says Japanese Lumber Reports.
(See details on page 10 of TTM Report) 

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