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.


 

 

1-15 March 2017

Top story

Japan to launch Clean Wood Act in May

Public opinion has been invited on Japan’s ‘Clean Wood Act’ which will serve as the basis for voluntary promotion, distribution and use of legally harvested timber and wood products.
 
The Clean Wood Act will become effective 20 May 2017.
 
This, says the Japan Lumber Report, is not a regulation like the Building Standards Act. Any company that wishes to comply with the Act can register indicating how legality will be verified.
 


Also in this issue

  • Dense African species the favourites in China
  • Rising mill stocks signal weak demand in South Africa
  • Indonesia plans to expand non-tax revenues from forestry
  • Myanmar exporters rush to avoid 1 April tax
  • New regulation in Brazil raises risk that production could be halted merely on suspicion of irregularities
  • China’s appetite for logs continues but not tropical logs
  • Drivers and constraints in the UK hardwood market
  • Hardwood’s sustainability message not helping sales
  • Record high US wooden furniture imports but imports from Malaysia and Indonesia slip
 
             


Data snapshot

ASEAN, a vibrant and dynamic producer of wood products



 

With a population of more than 600 million and a GDP of US$2.31 trillion, ASEAN (the Association of Southeast Asian Nations) is a major economic force in Asia and becoming driver of global growth. Seven of the ASEAN member countries are members of ITTO.
 
Viet Nam became the largest exporter of timber and wood products in ASEAN last year with US$3.9 billion in export sales according to the ASEAN Furniture Industries Council.
 
For more see: https://www.jpmorgan.com/country/US/EN/cib/investment-banking/trade-asean-future
 

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