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.


 

 

1-31 August 2016

  

Top story


Indonesia to ship first FLEGT licensed wood products in November

In a press release of 18 August the European Commission announced it is ready to recognise Indonesia’s licensing scheme for exports of verified legal timber.
 
The change, allowing unrestricted entry of Indonesian wood products to EU member states, will come into effect on 15 November making this the earliest date that Indonesia could begin to issue FLEGT licenses.
 


Also in this issue

  • New forest code for Gabon
  • Merger of Indonesian furniture and handicraft associations
  • Myanmar to encourage private plantations but questions remain on tax relief
  • Launch of new “Housing Data Project” for the Indian housing industry
  • Japan promotes its wood frame houses in China
  • First half 2016 import update from China
  • EU imports of tropical sawnwood rise
  • US housing starts continue to climb
 


Data snapshot

Suspension of logging in Myanmar puts elephants out of work



 

Trends in China’s first half 2016 timber imports
Between 2010 and 2015 the output of China’s wood products sector expanded an average 5% annually but this pace of growth has been showing signs of declining. Imported logs and sawnwood are essential for Chinese industry but as growth has slowed so have imports.

In the first half of 2016 China’s imports of logs grew just 3% year on year however imports of tropical logs rose by over twice that amount. In the case of sawnwood, total sawnwood imports and imports of tropical sawnwood grew by around the same amount (18% and 16% respectively.) tropical sawnwood comprises a much higher proportion of total sawnwood imports than five years ago.
 

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