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 August 2007

Top story

China posts strong results in wood products trade

According to the latest statistics data from China's customs agency, China's wood products trade in the first half of 2007 continued to show dramatic increases. Imports for raw material commodities such as logs, paper pulp, waste paper and wood chips rose dramatically, and wooden furniture imports surged. However, imports for wood-based panel (including plywood, fiberboard and particle board) continued to decline at a higher rate. Despite this trend, four kinds of commodities represented by wooden furniture, paper and paper products, as well as plywood were the leading products exported with export value topping US$11.5 million, making up 78.5% of the national total. In addition, exports of fiberboard, resin and resin products also increased at a higher rate but exports for raw materials commodities such as sawnwood, wood chips and charcoal showed a marked declining trend.

Also in this issue

  • W. Africa market quiet during European holiday period
  • Global mortgage crunch hits Malaysian prices
  • Timber retains an important role in Sarawak's development
  • Slash and burn activities undermine Indonesian prices
  • Indonesia and Japan to sign bilateral Free Trade Agreement
  • Brazil sets to launch Annual Forest Grant Plan
  • Illegal logs fuel energy for Amazon steel industry
  • Small Brazilian sawmills on the brink of bankruptcy
  • Study shows effectiveness of Peruvian forest policies
  • China posts strong results in wood products trade
  • Cameroon agrees to begin VPA negotiations with EU
  • Nordenham nets more transhipments in 2006
  • New oil field narrows UK trade gap
  • Canadian household furniture market continues to grow

Data snapshot

Indonesian plywood FOB price trends


Prices of Indonesian timber products remained adrift as the slash and burn activities intensified, flooding the local market with cheap timber. As mentioned in previous TTM reports (see TTM 11:14), this has made it difficult to differentiate between legal and illegally harvested timber in the market. A widespread drought has also contributed to the problem as it provided easier access to forests and forest plantations. Plywood, sawnwood and some log prices were affected.

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