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.



16-30 November 2007

Top story

Monsoon season halts price rise

The annual monsoon season failed to lift prices of Malaysian timber products. The Malaysian timber industry saw prices fall sharply on a broad front, particularly for raw logs and plywood. This compounded the problems faced by the industry, which has already been hit by the meltdown in the US subprime mortgage market.

Also in this issue

  • Buying patterns in Europe drive prices in W. Africa higher
  • Ghana’s 2008 budget provides for massive infrastructure investments
  • Ghana’s development partners boost aid
  • Monsoon season in Malaysia halts price rise
  • Indonesian government prepares to unveil global warming action plan
  • Myanmar sanctioned by EU
  • Brazil postpones timber concession bidding
  • Finnish investors will seek investment opportunities in Peru
  • Bolivia’s wood products exports reach USD71 million
  • New carbon monitoring tool launched in Mexico
  • Southsea log imports to Japan expected to drop
  • Bamboo exports from Wuyi County exceed RMB100 million yuan
  • Sino-Panel invests USD50 million in Beihai City
  • European demand wanes for Chinese plywood
  • British timber merchant solves greenheart problem
  • US imports of wooden furniture exceeds USD27 billion

Data snapshot

Major Source Countries of Wood (non-upholstered) Household Furniture for the US


Non-upholstered Wood Household Furniture (NAICS 337122) is the largest sub-category of all US furniture exports. Its estimated import value as of 2007 is USD10.42 billion, or 38% of overall US furniture imports. Currently, the top suppliers are China with USD4.81 million, Canada with USD1.14 billion, and Vietnam with USD1.07 billion. Together, these three countries supply more than two-thirds of all foreign produced wood furniture in the US.

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