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 May 2018

Top story

Sabah bans log exports

The Sabah Chief Minister has announced an immediate ban on log exports to ensure sufficient raw materials for mills in the State.
 
In recent years Sabah exported between 200,000 and 300,000 tonnes of logs to China, Japan, Philippines and India.
 
In welcoming the ban the president of the Sabah Timber Industries Association said this long awaited measure will help revive the timber industry in the State.


Headlines
  • Government commission to investigate port operations in Cameroon
  • Malaysian companies urged to use Rotterdam as hub for European trade
  • Indonesian Ministry of Trade -  No to log exports this year
  • Plans to restructure Myanma Timber Enterprise
  • Brazil, a source of timber for CLT production
  • Japan’s wood product exports rose in 2017
  • First quarter decline in EU imports of tropical sawnwood
  • Drop in US furniture imports from China and Vietnam

             

  Data snapshot

  Plywood short-fall from China not being made up

snap2018_5B.jpg
Data source: US Department of Commerce, US Census Bureau, Foreign Trade Statistics
 

US Hardwood plywood imports continue to fall
Year-to-date hardwood plywood imports were down 40% in March compared to March 2017.
 
Imports from Vietnam, Cambodia, Indonesia and other suppliers increased but do not yet make up for the plunge in plywood imports from China.
 

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