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.


 

 

16-31 August 2017

Top story

US plywood imports fall across the board in June

US imports of hardwood plywood fell by almost one third in June. The biggest losers were shippers in China who saw the value of shipments in June fall steeply.
 
The US has introduced antidumping duties on Chinese plywood and its impact became very apparent in June.
 
Hardwood plywood imports from most other countries also declined, a sign that the new antidumping duties are not the only reason for the overall decline in US plywood imports..


Also in this issue

  • Ship-based power unit arrives in Ghana
  • South African Forest Assurance Scheme set for launch
  • Labour shortage – automation not the answer says Malaysian Furniture Federation
  • Indian PM launches plan to become more self-sufficient in timber
  • Timber inspection at fixed checkpoint harming the Mato Grosso forest sector
  • Poor interpretation of regulations by officials undermines image of Peru’s forest sector0
  • Soon - RMB100 billion custom made furniture market in China
  • Improving Euro zone economies not lifting tropical timber imports
  • China expands dominance of US wooden furniture imports

             


Data snapshot

Steady decline in China’s shipments of plywood to the USA



 

In June antidumping duties on plywood shipped by many manufacturers in China came into effect and the impact on the volume of imports was immediate.
Since the beginning of the year shipments of plywood to the US from China have trended lower. Many, especially small and medium sized plywood mills in China have been told to cease operation as they failed to meet new environmental standards. These mills sold mainly into the domestic market. Those mills that remain in business, even export oriented mills, have taken advantage of new opportunities in the domestic market.

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