Nigerian businesses led the way with some US$38 million worth of orders, followed by Malaysia (US$32 million), the UK (US$26 million) and Belgium with US$20 million. It was reported that Nigerian businesses were the biggest buyers at this trade show accounting for 11% of all transactions.
Interim statistics show that at 6,391 buyers from 89 countries attended and participated in the exhibition. The organizers are forecasting final attendance figures of around 8,300.
Indonesia faces risks from the EU debt crisis and economic stagnation in the US
The Indonesian Chief Economic Minister has said that he was still optimistic that the Indonesian economy could achieve a 6.5% growth in 2011 and may reach 6.7% in 2012, barring any negative global economic impacts.
He added that an IMF report indicated that Asia continues to face adverse risks arising from the EU debt crisis and economic stagnation in the US. The IMF indicted that economic growth in Asia will hover around 6.3% in 2011 and 6.7% in 2012.
Nevertheless, the Indonesia government will continue to monitor and take pre-emptive measures in the face of any possible impact from declining world economic growth in 2012, the Minister added.
Indonesia logs, domestic prices | US$ per m³ | |
Plywood logs | Face Logs | 222-265 |
Core logs | 210-239 | |
Sawlogs (Meranti) | |
219-279 |
Falcata logs | |
187-218 |
Rubberwood | |
95-99 |
Pine | |
196-239 |
Mahoni (plantation mahogany) | |
505-536 |
|
||
Indonesia Sawnwood Prices | ||
Indonesia, construction material, domestic | US$ per m³ | |
Kampar (Ex-mill) | AD 3x12-15x400cm | 209-228 |
KD | 223-258 | |
AD 3x20x400cm | 243-266 | |
KD | 244-273 | |
Keruing (Ex-mill) | AD 3x12-15x400cm | 258-272 |
AD 2x20x400cm | 248-266 | |
AD 3x30x400cm | 231-250 | |
|
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Indonesia Plywood Prices | ||
Indonesia
ply MR BB/CC, FOB |
US$ per m³ | |
2.7mm
|
433-489 ⇓ | |
3mm
|
391-432 ⇓ | |
6mm
|
370-412 ⇓ | |
MR Plywood (Jakarta), domestic | ||
9mm
|
292-303 | |
12mm
|
283-294 | |
15mm
|
273-288 | |
|
||
Other Indonesia Panel Prices | ||
Indonesia,
Other Panels, FOB |
US$ per m³ | |
Particleboard | Export 9-18 mm | 245-254 ⇓ |
Domestic 9 mm | 226-238 | |
12-15mm | 221-233 | |
18mm | 217-228 | |
MDF | Export 12-18mm | 278-293 |
Domestic 12-18mm | 261-273 | |
|
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Indonesia Added Value Product Prices | ||
Indonesia,
Mouldings, FOB |
US$ per m³ | |
Laminated Boards Falcata wood | 328-341 | |
Red Meranti Mouldings 11x68/92mm x 7ft up | ||
|
Grade A | 522-553 |
Grade B | 480-502 |