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 June 2014

Top story

Plantations supply a third of all industrial roundwood

A new study by FAO shows that forest plantations, which make up less that 7% of the forest area in the world, produce one third of the world’s industrial roundwood.
 
In many developing countries expansion of the wood-based manufacturing and export sectors has only been possible because of the raw material supply from plantations. The top 5 producers of industrial roundwood in forest plantations in 2012 were Brazil, the United States of America, China, India and Chile.
 
The total production volume from plantations in 78 countries in 2012 is estimated at 562 million m3, equivalent to one third of the total global supply of industrial roundwood (1.7 billion m3).  

See: http://www.fao.org/3/a-i3384e.pdf
 

Also in this issue

  • South Korea re-introduces anti-dumping duties
  • Life gone from Myanmar log market
  • India’s plantation teak imports four times that of natural teak
  • Brazilian ipe withdrawn from UK DIY stores
  • Rosewood added to East China Forest exchange
  • Upturn in EU furniture production
  • Industry-funded programmes to increase US wood consumption

Data snapshot

Overheated Indian Housing Sector






 

The Reserve Bank of India (RBI) is warning of an overheated housing sector particularly in the larger cities. This is despite a fall in bank credit in the sector which, says the RBI, has fallen from 13.3% of total credit in March to 9.5% in April.
 
In parts of the country the house price index (NHB Residex) compiled by the National Housing Board has soared. In Chennai, Mumbai and Pune house prices are two and a half times higher than in 2011 a cause of concern says the RBI. Even in the so-called tier II and tier III cities prices are increasing at an alarming pace.
 
See: http://www.nhb.org.in/Residex/Data&Graphs.php

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