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 September 2016

Top story


African Development Bank funds public/private forestry project


The African Development Bank (AfDB) is joining with private sector investors to restore degraded forest reserves and double the area of sustainable forest plantations in Ghana.
 
AfDB Director for Private Sector Development, Kodeidja Diallo, said “This project is the Bank’s first direct intervention in forestry through a private sector window and will serve as a pilot in setting the pace for engaging the private sector in sustainable forest plantation development.”


Also in this issue

  • African gheombi doing well against Malaysian MLH
  • CenturyPly cancels plans for MDF production in Vietnam
  • First half 2016 tough for Brazil’s  furniture makers
  • For the first time in 9 years - pace of decline in Japan’s land prices slows
  • Japan’s tropical timber imports fall in the first half of the year
  • Slowing pace of investment in Chinese real estate 
  • FLEGT licenses fine, but success in the market also depends on quality, shipment and price    
  • Vietnam increases assembled flooring shipments to the US   
 


Data snapshot

FTAs negotiated but largely under utilised



Data source:HSBC
 

ASEAN exporters have a wide choice of free trade agreements around which to build marketing plans, Singapore, for example, has 20 FTAs in force and according to the Asian Development Bank, Malaysia has 27 FTAs in effect, Indonesia 25 and Vietnam 20.
 
Despite the wide choice, utilisation is surprisingly low according to a report from HSBC Global Connections. This says HSBC “is odd, given that some 72% of ASEAN respondents strongly agree or agree that FTAs represent the best hope for the future of their overseas businesses.”
 
See: https://globalconnections.hsbc.com/australia/en/special-features/fta/ftas-in-south-east-asia-towards-the-next-generation/chapter-1-there-but-unused

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