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 November 2015

Top story

Get the message out says trade group


Perceptions of tropical timber have improved immensely in recent years according to speakers at the International Tropical Timber Council’s Annual Market Discussion held during the 51st session of the International Tropical Timber Council.
 
The Trade Advisory Group said the time was now right to raise the profile of tropical timber as the sector had demonstrated that it can verify the legal credentials of its products; now it needed to get that message out to the professionals, the architects, engineers and designers who specify and use wood. 
 
Presentations and the Trade Statement can be found at: http://www.itto.int/news_releases/id=4587
 

Also in this issue

  • Low prices attract buyers to less popular African timbers               
  • Reduced import duties in S. Korea a boost to Malaysian plywood manufacturers       
  • ABIMCI promotes alternative plywood raw material
  • Japanese government’s building plan a boost for construction sector
  • Interest in imported furniture wanes – rise in demand for custom furniture in China
  • European tropical wood imports up 16%
  • US consumer and builder confidence highest in a decade
 

Data snapshot

Recovery in EU continues to drive up tropical timber imports



 

Sharp increase in EU tropical sawnwood imports 

The value of EU imports of tropical wood products in the first 9 months of 2015 was, at €1.703 billion, 16% greater than the same period the previous year. EU imports of tropical sawn timber increased by 9% to 793,100cubic metres in the first nine months of 2015.
 
Sawnwood imports from Cameroon, the largest supplier, increased 7% to 233,000 cubic metres. Import growth was even more rapid from Malaysia, Brazil and the Democratic Republic of the Congo.

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