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 April 2015


Top story

Join ITTO’s team of market correspondents 

As part of a Japan-funded project that has just commenced, ITTO intends to expand its market information service (MIS) specifically to support promotion of the intra-African trade in wood products. 

To achieve this we are seeking the services of correspondents resident in Nigeria, Algeria and South Africa. At a later date the service will be expanded to cover other African markets for African wood products.

Correspondents will deliver monthly reports to include market demand trends, relevant wood product prices and any changes in government regulations which could impact wood product trade flows.

Expressions of interest can be directed to ti@itto.int  with the subject line ‘MIS Africa’. 

Terms of reference and payment will be negotiated with shortlisted candidates.


Headlines 

Tight supply underpins Central and W. African log prices
Authority to control timber trade transferred to State Governments in Malaysia
Yunnan crackdown on illegal border trade
Andhra Pradesh seeks removal of ban on red sanders felling
Spanish particleboard – a strong presence in the Peruvian market                           
Japan’s SGEC seeks PEFC recognition
Wood products trade at all-time high in China
EU plywood imports highest since the financial crises

Data snapshot

Sources of Nigeria’s 2013 wood product imports (value)


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Data source: http://www.trademap.org 
 
Nigerian wood product and furniture imports

In 2013, the year for which the latest data is available, Nigeria imported wood products (HS chapter 44) valued at US$190 million from a total of 52 countries.
 
Most wood product imports were from China (64%) followed by Ghana (10%). Between 2009 and 2013 China saw its exports of wood products to Nigeria grow at an annual rate of 52% while Ghana’s exports fell around 2% annually.
 
In addition to HS Chapter 44 products Nigeria imported furniture (HS Chapter 94) worth over US$450 million with wooden furniture (HS9403) accounting for around 38% of the total furniture imports.  
 

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