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 December 2017

Top story

India seeks exemption from the CITES Dalbergia requirements

India is a regular exporter of musical instruments made from Indian rosewood. But because of the need to comply with CITES formalities they are finding it difficult to meet exports schedules.
As rosewood is readily available in India and harvests are strictly controlled Indian exporters object to what they see as unnecessary delays to their export business.
The Government of India is seeking exemption from the CITES Dalbergia requirements as Indian rosewood for export is sourced from plantations and agro-forestry plantings.

Also in this issue

  • Middle East reconstruction could pave the way for export growth in West and Central Africa
  • Ghana opens office in China to promote inward investment
  • Plantation log prices set to rise in Indonesia
  • Ecuador the main supplier of plantation teak to India
  • Soaring prices for Malaysian and Indonesian plywood in Japan
  • EU tropical imports sliding again
  • Positive outlook for 2018 US hardwood flooring market



Data snapshot

Australian hardwood imports slide – but with some exceptions

Data source:  Australian Bureau of Statistics

In a recent article published in Timber and Forestry News, John Halkett writes - a combination of tougher market legality requirements, innovation in building systems and products are being reflected in both declining imports of tropical hardwood timber and increasing imports of engineered wood products. 
However, statistics blur some trends for example, despite the overall decline in hardwood some segments are growing such as mouldings which includes merbau decking.
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