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 April 2018

Top story

Promoting tropical timber in the EU

In the face of falling market share steps are being taken to expand tropical timber sales in the EU. 
 
The European Sustainable Tropical Timber Coalition (STTC) continues its push its education and promotion efforts.
 
ATIBT, the International Tropical Timber Technical Association, is rolling out its ‘Fair and Precious’ marketing/branding initiative. This aims to expose consumers to the social, environmental and economic benefits of increasing demand for sustainably sourced tropical wood products.


Also in this issue

  • Ghana/ EU test FLEGT license shipment                
  • Malaysian and Indonesian exporters benefit from US duties on Chinese plywood
  • Independent third party certification soon to be operational in Myanmar
  • Indian plywood manufacturers raise prices to test market reaction
  • Japanese business sentiment close to 10 year high despite short term risks to growth
  • China’s furniture imports at a record high
  • Embracing technological change boosts EU furniture sector productivity

             

 

Data snapshot

Melbourne and Sydney home prices expected to drop



Data source: ANUpublication

With the exception of a small shortage in Tasmania, all Australian states have a housing surplus.
Queensland has the largest surplus at 59,800 while Western Australia has a significant surplus at 2.7 per cent of stock. This is driving down house prices and has slowed construction activity which is impacting timber sales.
 
Analysts are not forecasting a crash in property prices as population growth is robust and lending conditions have been tightened.
 
See: http://csrm.cass.anu.edu.au/research/publications/regional-housing-supply-and-demand-australia

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