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 March 2014

Top story

European Parliament ratifies Voluntary Partnership Agreement (VPA) with Indonesia
 On 27 February 2014 the European Parliament gave its consent for the conclusion by the Council of the EU of the VPA with Indonesia.

Ratification by Indonesia and the EU is the final step to make the bilateral treaty legally binding.

In Indonesia the Office of the President is preparing for ratification by the national legislature.
 

 

 

Also in this issue

  • Directive on hewn teak, baulks and boule exports from Myanmar
  • Sweet smell of sandalwood prices drives interest in planting
  • Recovery of Brazilian pine plywood exports
  • Consumer confidence at lowest level for years in Japan
  • China-Russia cooperation for a legal timber trade
  • EU wood flooring consumption down 5% in 2013
  • Big fall in EU wood flooring trade deficit
  • China’s share in US hardwood plywood imports down in 2013
  • 2013US  furniture imports increased 7% from previous year

Data snapshot

 
Change in EU Flooring Imports from China 2012-2013
 

German buildings permits


 

Last year, EU imports of wood flooring fell by over 14% to €595 million. Imports from China, by far the largest supplier of flooring to the EU, fell 19% to €336.2 million.All the main member states of the EU imported less Chinese wood flooring during 2013, including UK, Belgium, Italy, Germany, Netherlands, Sweden and France.
 
EU imports also declined from most tropical producing countries during 2013. The value of EU imports of wood flooring fell sharply from Indonesia (-22%), Malaysia (-19%), Brazil (-12%), Viet Nam (-27%) and Thailand (-41%).    

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