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 April 2013

Top story

Premium prices being paid for Myanmar teak logs as export ban approaches

Teak stockists are accumulating teak logs as the count-down for the log export ban in Myanmar has started.
 
Analysts report that premium prices are being paid to secure stocks as dealers anticipate a surge in demand as the date for the teak log export ban approaches.
 
Already overseas log dealers have begun securing log quotas from local logging contractors to be sure to have adequate stocks.

Also in this issue

  • VPA between Republic of the Congo and EU comes into force
     
  • Malaysia’s furniture fair such a success exhibitors signing up for next years’ event
     
  • Brazilian forest tracking system introduced to enterprises
     
  • Small companies in Japan yet to feel benefit of economic stimulus measures
     
  • The evolving China - Africa timber trade,  fewer logs more sawnwood
     
  • EU consumption of sawnwood unlikely to pick up in 2013
     
  • Consumer awareness and government procurement  driving demand for ‘environmentally certified’ furniture

Data snapshot

 

Planted forest area brazil eucalyptus pine SFM

 

The Italian woodworking machinery sector has seen turnover drop by around 30 percent over the past five years.
 
Preliminary data from the latest ACIMALL annual report says production of woodworking machinery fell 9.8 percent, compared to 2011 because of demand weakness in the domestic market (down 15%) and because of an 8 percent drop in exports.
 
A spokesperson for ACIMALL said the woodworking machinery producers in Italy are affected by declining activity in the domestic construction sector which negatively impacts furniture and joinery production.
 
Analysts expect to gauge prospects for 2013 during the upcoming Ligna Hannover, a major woodworking machinery and furniture show in Europe.
 
For more see: Acimall Studies Office www.acimall.com
 


 

 

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