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 October 2007

Top story

Japan housing starts lowest since 1965

Following drops in housing starts in July, housing starts in August fell 43.4% from the August 2006 levels, the lowest since 1965. Wood-based units were 34.4% down, and units built for rental and sale decreased significantly. The drop is attributed to the tighter laws implemented under the Building Standards Act, which require a closer examination of building applications.


Also in this issue

  • Freight rates impact W. African non-premium species
  • Tema Port to expand capacity and upgrade facilities
  • Malaysian Forest Plantation Loan will ensure planting of timber trees
  • Indonesians to plant 79 million trees in one day
  • SIPPO changes guidelines for Indonesian timber companies
  • India holds regional teak wood products workshop
  • Brazilian pubic-private partners work to make soy sustainable
  • IBAMA cracks down on illegal wood
  • Wood exports from Brazil’s Mato Grosso state rise 32%
  • Falling US dollar hurts competitiveness of Peru wood products
  • Mexico’s Forest Expo 2007 helps boost business worth MXN75 million
  • Bolivia’s export growth sees higher percentage of value-added products
  • Indigenous group in Guyana saves massive swath of rainforest
  • Japan plywood imports slump to 9 year lows
  • Japan’s housing starts lowest since 1965
  • China to promote its overseas forest products industry
  • Canada’s primary and secondary wood industries expected to fall

Data snapshot

Figure 1: Japan Plywood Imports 2005-2007 (000 m³)

snapshot20071001.gif

Plywood imports in August dropped under 300,000 m³ (263,365 m³), the lowest level in nine years. This represents a 42.7% fall from July levels.

Download report