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.



16-28 February 2018

Top story

Sustainability bond to finance rubberwood plantations in Indonesia

The UN Environment Programme has announced a partnership with the World Agroforestry Centre, ADM Capital and BNP Paribas for the issuance of a US$95 million Sustainability Bond to help finance sustainable rubber plantations on heavily degraded land in two provinces in Indonesia.
Out of a concession area of 88,000 hectares, roughly 45,000 hectares will be set aside for community livelihoods and conservation.

Also in this issue

  • Fall in plywood exports drags down Ghana’s 2017 earnings
  • Despite living longer with parents Indian millennials aspire to own a home -CREDAI
  • Conserving and utilising Peru’s Amazon forests – new initiative to be launched
  • Bad winter weather and slower bank lending eats into Japan’s housing starts
  • China approves use of Japanese species for housing
  • Expanding trade along the ‘Belt and Road’ routes
  • UK pledges to retain FLEGT commitment after Brexit
  • Strong growth in US wooden furniture imports from Vietnam and India



Data snapshot

US wooden furniture imports in 2017 increased from all major suppliers

Data source: US Census Bureau, Foreign Trade Statistics
Includes : HS940161/69 and HS940330/40/50/60

Upswing in furniture imports from Vietnam and IndiaThe US imported US$18.5 billion worth of wooden furniture in 2017, 11% more than in 2016. Imports from all key supplier countries increased. China accounted for 47% of all wooden furniture imports followed by Vietnam with 20%. The strongest growth was in imports from Vietnam and India.

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