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.



16-31 August 2008

Top story

Ghana posts gains in exports for the first half of 2008

Ghana exported 287,224 m³ of wood products for the January to June 2008 period, earning EUR96.5 million. This resulted in gains of 8.0% and 3.8% by volume and value, respectively, compared to the same period of last year. Kiln dried lumber (21.4%), air dried lumber (11.7%) and plywood (25.7%) altogether accounted for 58.8% of the total volume exported the first half of the year.

Southsea Lumber Conference reveals declining results for first half 2008

The Japan Lumber Journal indicated that the amount of Southsea logs received in the first half of 2008 fell about 43% from the same period of 2007. The results, announced at the Tokyo Chapter of the Japan Southsea Lumber Conference, revealed a fall in imports as a result of factors such as an inability to secure shipping for log transport and a decrease in demand. This has begun to affect businesses in Japan. Japan Lumber Reports has indicated Seihoku, a major lauan plywood factory in Tokyo, will suspend its operations when logs run out at the end of August.

Some have speculated that a possible price increase for Southsea logs may be approaching, although prices were already hovering at high levels. JLJ reports also indicate that there has not been any arrival of Sabah logs because of low demand. Plywood purchasing is expected to be slow throughout August and prices for some lauan plywood items are expected to rise in the future. Production conditions in Sarawak continue to be difficult, and with FOB prices rising, buyers in Japan are not accepting most highly priced items.

Also in this issue

  • Business slow in West Africa as European holidays continue
  • Trade mission raises Indonesia’s hopes for greater investment
  • Brazilian wood product prices rise due to currency appreciation
  • Exports of Brazilian wood products fall 7.3% in July 2008
  • South American countries expand interest in Brazilian furniture
  • Peru’s wood exports grow 15% in first half 2008
  • Bolivian exports slide during January to April 2008 period
  • Mexico extends Procymaf programme
  • Sawn lumber exports from Guyana continue to rise
  • New project in Guyana to address value adding in SMEs
  • Chinese tax rebate policies adjusted for some wood products
  • Furniture exports through Guangdong Port jump 26%
  • Green Procurement initiatives trudge ahead in the EC
  • Demand for sawn lumber stable in the UK

Data snapshot

Wood exports grow 15% in first half of 2008


According to the Peruvian Export Association (ADEX), wood exports from January through June 2008 grew 15%, with exports rising USD119.07 million from USD103.38 million during the same period in 2007. Even as wood exports from January to June 2008 had grown, this was not an expected trend. Exports in the month of June 2008 were USD6.71 million less than exports during June 2007. The volume of wood products exported to the US and Mexico eased in June 2008, in contrast to an increase in exports to China during the same period. Part of the fall in the month of June 2008 was caused by strong currents in the Amazon River, which made navigation dangerous.

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