Tropical Timber Market Report Volume 25 Number 4 16th – 28th February 2021 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. Its contents do not necessarily reflect the views or policies of ITTO. News may be reprinted provided that the ITTO TTM Report is credited. A copy of the publication should be sent to
[email protected]. Contents Headlines Page Central/West Africa 2 Revival in demand for sawn okoume 2 Ghana 3 Malaysia 4 Attracting engineers and technologist to the Malaysian timber industries 5 Indonesia 5 Myanmar 6 Indonesia’s exports of wood products better India 7 than expected in 2020 5 Vietnam 8 Forgone benefits from tree clearing to be Brazil 10 included in development project costs Peru 12 – Indian Supreme Court 7 Japan 13 8 million hectares in Peru identified for China 17 restoration 12 Europe 20 Increasing cedar log exports from Japan North America 23 to China 16 Currencies and Abbreviations 25 US home improvements – more to Ocean Freight 25 be spent in 2021 24 Price Indices 26 Top story Sharp fall in tropical share of European wood products market While the overall level of EU27+UK imports of wood and wood furniture products remained surprisingly resilient during 2020, there were winners and losers. Unfortunately for tropical suppliers, their share of the European trade fell sharply in 2020 after making some tentative gains the previous year. Page XX Central and West Africa Correction: In the previous report it was stated that a reduced area tax applies only to FSC certified forests, this Production seriously impacted by covid control was incorrect.