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News related to market developments
Among key factors in the decline in the European market for tropical timber identified by breakout group participants focusing on the topic at the IMM Trade Consultation in Nantes was the 2008 financial crisis, which forced changes in supply in Africa particularly and led to rationalisation of the sector.
The new Fair&Precious promotion programme effectively encapsulates the work of the International Tropical Timber Technical Association (ATIBT), supporting the tropical sector’s technical, environmental and economic performance, into a producer- and market-facing branding campaign.
The IMM programme’s Nantes Trade Consultation and a conference planned by ATIBT will now be held jointly on 31 May, during the Carrefour du Bois trade show. The event will take place at Exhibition Park la Beaujoire.
IMM Summer Newsletter The IMM Summer 2018 Newsletter is available for download here. The edition includes a summary report on the IMM Trade Consultation in Nantes as well a reports on the three Nantes workshop sessions on “Impacts of FLEGT VPAs on trading with Central African countries”,“Purchase dynamics for companies sourcing from Indonesia” and “Market trends for tropical timber in Europe”. …
IMM Spring 2018 newsletter now online The IMM programme has published its second newsletter, which is available for download here (English version or French version). The current edition’s Country Focus is on Ghana, updating on the progress of VPA implementation, the outcome of its test shipments of “FLEGT-licensed” timber and recent trends in EU-Ghana tropical …
Of the €3.78 billion of tropical wood products imported into the EU in 2017, 21% was FLEGT licensed product from Indonesia, 9% derived from the five African countries that are implementing a VPA (Cameroon, the Central African Republic, the Congo, Ghana, and Liberia) and 45% was from the 9 tropical countries currently involved in VPA …
Although EU imports of timber products increased to the highest level in a decade in 2017, imports from tropical countries continued to decline.
In 2017, Ghana’s timber product export value fell 16% to €190 million while volume fell 15% to 397,000 m3. Exports fell to all regions except the Middle East. The decline in exports also affected nearly all product groups, the only exception being higher value tertiary products such as mouldings and flooring. Given that the fall …
Alongside regular surveys of market opinion to assess the market impact of FLEGT licensing, IMM is implementing near-real time monitoring of trade flow statistics. This monitoring shows that EU imports of a few Indonesian timber products began to trend upwards in the months following introduction of FLEGT licensing in November 2016, in some cases the …
Workshop 2 of the First IMM Trade Consultation held in London on 8 March 2018 consulted representatives of large retail companies, furniture importers, agents, and furniture associations on the main factors determining purchasing decisions and the competitive position of Indonesia.