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 2013

Top story

Too many furniture stores

Last year twelve mega home furnishing stores in China closed and during the past six months and a further eight large stores have also closed.
The trimming down of furniture retail outlets is put down to the ‘cooling off’ in the property market boom which began in 2010.
The China Furniture Association has calculated that the ideal floor space in the retail sector should be around 20 mil. sq.m. but the total floor area of the main domestic home furnishing stores exceeds 40 million sq.m., twice the area now needed to service demand.. 

Also in this issue

  • Indonesia/EU VPA to be signed in September
  • Indian companies eye overseas plantation resources
  • Timber sector performance not keeping pace with other Brazilian industries
  • Raw material prices in China down for seven consecutive weeks
  • Improvement in economic sentiment in Europe, but conditions very fragile
  • European laminated flooring sector suffering from over-capacity

Data snapshot


Planted forest area brazil eucalyptus pine SFM



Ticking along nicely

It will probably come as a surprise to many that except for plywood, the share of tropical sawnwood, veneer and roundwood in the global markets for those three products has not changed very much in more than 15 years.
The market share of tropical roundwood in 1995 was around 20% and was around 15% in 2011; for tropical veneer the equivalent figures were 1995, 38% and 30% in 2011 and for tropical sawnwood its 10% market share has not changed in more than 15 years. 



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