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 March 2018

Top story

Skyrocketing Indonesian plywood prices

Japanese importers say that export prices for Indonesian plywood continue to climb. In particular, prices for 2.5 mm panels have shot up to around US$1,000 per cubic metre C&F, the highest ever recorded.
 
The Japan Lumber Reports (JLR) says the weather in Indonesia is partly to blame and this, coupled with the control of illegal harvesting, has driven down production. The JLR suggests log harvests have dropped by 50%.


Also in this issue

  • Congestion at Douala Port frustrates shippers 
  • Legality certification training for companies in Sarawak
  • Indonesian ministry rejects log export plan
  • Doing business in Myanmar ‘super challenging’ says new report
  • Small companies exiting Indian real estate sector
  • Growing market for custom made furniture in China
  • EU tropical sawn hardwood imports fall to all-time low
  • Fall in EU imports driven mainly by supply-side Issues
  • Changing US hardwood plywood supply channels

             

 

Data snapshot

Reality Check



See: http://www.indiahousingstat.com/default.aspx
 

Tough to reverse the trend
Wood product sales depend very much on the health of the housing sector but across India housing sales are nowhere near the levels of 2013/14. Demand took a battering in 2016 with demonetisation and was further affected by the introduction of the Real Estate Regulation and Development Act.
 
The final blow was the introduction of the standard Goods and Services Tax which companies are having difficulty coping with.

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