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 2011

Top story

Korea imposes anti-dumping duties on Malaysian plywood

The Korean Trade Commission (KTC) has imposed anti-dumping duties ranging from 5% to 38% on plywood imports from Malaysia for a period up to 3 years. However, the duties have been reduced upon appeals made by Malaysian plywood manufacturers and exporters. The imposition of the duties was postponed in August after the appeal made by the Sarawak Timber Industry Development Corp (STIDC) and Sarawak Timber Association (STA). The anti-dumping duties will be imposed within 50 days after the decision made on 15 December 2010.

The variation in the imposition of the anti-dumping duties is due to the different selling prices and types of wood used. This is the first time anti-dumping duties have been imposed on Malaysian plywood in the international markets.

(see details on page 3)

Also in this issue

  • Cameroon to re-impose log export quota 
  • Higher costs pushing up timber prices in Ghana
  • High price levels retained in Malaysia 
  • Implementation of 2-year moratorium postponed
  • Plywood imports from China pose stiff competition to Indian manufacturers
  • Brazilian furniture exports on the mend
  • Determining the national export quota for mahogany in Peru
  • Timber imports through Zhangjiagang port down in volume but up in value
  • US continues to impose antidumping duties on wooden bedroom furniture from China
  • EU hardwood plywood imports up 36% in first nine months of 2010
  • Upswing in home renovation spending expected for 2011 in US

Data Snapshot

Current situation of FLEGT VPAs



Voluntary Partnership Agreements (VPAs) on the exports of legal timber to the European Union (EU) under the terms of the EU’s Forest Law Enforcement, Government and Trade (FLEGT) action plan are being negotiated between the EU and a number of exporting countries. The objective of the FLEGT VPA agreement is to ensure that wood products imported from the signatory countries are supported by licenses showing that the timber and wood products are derived from legal sources.

The EU has signed VPAs with Ghana, Cameroon and Republic of the Congo and negotiations on the VPAs are on-going with Malaysia, Indonesia, Liberia, Central African Republic, Gabon, Vietnam and DRC.

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