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 February 2008

Top story

Prices steady as market lulls during Chinese New Year

Prices of Malaysian timber products steadied as the market closed for the annual Chinese Lunar New Year. Exporters continued to be optimistic about price stabilization in the near future as the next general election would take place early next month. However, experts in Asian markets expressed concern over stock prices on Wall Street and were of the opinion that the US may indeed be heading toward a recession.

Also in this issue

  • West Africa prices unchanged despite market concerns
  • Malaysia’s prices steady as market lulls during Chinese New Year
  • Indonesia lowers economic growth forecast
  • Myanmar timber prices reflect market’s resiliency
  • PNG forest economist highlights export successes in 2007
  • Members of Brazil’s timber sector fear market stagnation
  • Outlook positive for Brazilian furniture sector in 2008
  • Peru’s November 2007 exports fall
  • Sumitomo GM discusses uncertain wood products market in 2008
  • Tokyo wholesale market upbeat on strong January results
  • China shows robust timber trade data for 2007
  • China could be weaker competitor in EU plywood market
  • German window sector may slow in 2008
  • European wood flooring sales show marginal rise

Data snapshot


Log imports totaled 37.1 million m³ valued at USD5.35 million in 2007, up 15.4 % and 36.2 % respectively over the last year. Russia remained the most important supplier in 2007. China imported 25.40 million m³ of logs from Russia valued at USD2.706 million, up 16.4% in volume and 37.6% in value over the last year.

Sawnwood imports totaled 6.55 million m³, valued at USD1.77 million in 2007, up 6.5% in volume and 4.4% in value over the last year. Imported sawnwood came from a number of countries. Russia and the US were two of the traditional major suppliers.

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