Malaysia: Strengthening ringgit hist furniture exports

Fonte:
ITTO's Tropical Timber Market Report
Vizualizações:
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With the Malaysian ringgit strengthening against most major currencies, including the US dollar, the Euro and Sterling, a decline in furniture exports in the current year is being forecast.

Exports of Malaysian furniture are expected to decline by up to 15%, from RM7.95 billion in 2010 to RM6.8 billion for 2011. This decline would be the worst in the past 3 years.

The Malaysia Furniture Entrepreneur Association (MFEA) reported that exports by its members had declined from RM1.97 billion in the first quarter 2010 to RM1.66 billion in the first quarter of 2011. Exports for the second quarter are expected to come in below RM1.98 billion.
v For the Japanese furniture market, exports registered a 12% decline to RM166 million for the first quarter 2011 compared to RM186 million for the first quarter 2010. Japan was the second largest market for MFEA members in 2010, with exports valued at RM709 million out of a total of RM7.95 billion for the year.

Global WoodMart - one-stop centre for buyers and suppliers
The Malaysian Timber Council (MTC) expects that its Global WoodMart (MGW) 2012 exhibition will showcase timber and timber products from both tropical and temperate countries. MTC added that MGW 2012 will act as a one-stop centre for both buyers and suppliers of timber and timber products.

Official partner organizations of MGW 2012 are the American Hardwood Export Council (AHEC) and FrenchTimber. AHEC has been active in the Asian markets for many years but FrenchTimber is a relative newcomer.

FrenchTimber was formed in 2001 at the initiative of the “Fédération Nationale du Bois” and a group of French sawmills and it pursues two main goals :

• To promote, on a national as well as international basis, the use of the different sawn timber species and processed wood products, coming from sustainably managed French forests.
• To ease supplies of sawn timber to foreign companies by increasing the visibility of the French sawmills’ offer and expertise.

Low river water makes rafting difficult
Prices of Malaysian timber and timber products began to stabilise in Peninsular Malaysia as dry weather conditions returned, allowing uninterrupted harvesting and transportation. However, for Sarawak, the problem of low water levels in rivers continues to hamper rafting of logs.

No slowing in demand from China and India
The spill-over effects of the EU debt problems and the weak economy in the US weigh heavily on the timber export market. This, coupled with the strong Malaysian ringgit, means that market prospects are gloomy and analysts report that buyers are maintaining a wait and see outlook.

However, China and India remain two of the most important markets for Malaysian timber exporters and there has been no slowing in the demand in these countries for raw materials and semi-finished timber products.

Malaysia Log Prices Malaysia Log Prices
Sarawak log, FOB US$ per m³
Meranti SQ up 256-283
Small
245-275
Super small
246-267
Keruing SQ up 241-253
Small
232-264
Super small
221-245
Kapur SQ up 232-258
Selangan Batu SQ up 230-263

Pen. Malaysia logs, domestic (SQ) US$ per m³
DR Meranti 268-285
Balau 322-352
Merbau 360-391
Rubberwood 101-135
Keruing 241-257
Peninsular Malaysian meranti logs are top grade and are used for scantlings for the EU. Their prices are higher than Sarawaks.

Malaysia Sawnwood Prices
Malaysia Sawnwood, FOB US$ per m³
DR Meranti
409-445
White Meranti A & up
304-334
Seraya Scantlings (75x125 KD)
449-461
Sepetir Boards
274-303
Sesendok 25,50mm
361-379
Kembang Semangkok
332-359

Malaysian Sawnwood, domestic
US$ per m³
Balau (25&50mm,100mm+)
341-361
Merbau
472-524
Kempas 50mmx (75,100 & 125mm)
282-322
Rubberwood 25x75x660mm up
237-287
50-75mm Sq.
275-307
>75mm Sq.
297-327


Malaysia Plywood Prices
Malaysia ply MR BB/CC, FOB US$ per m³
2.7mm
440-500
3mm
420-450
9mm & up
372-442
Meranti ply BB/CC, domestic US$ per m³
3mm
363-453
12-18mm
346-375


Other Malaysia Panel Prices
Malaysia, Other Panels, FOB US$ per m³
Particleboard Export 12mm & up
254-277
Domestic 12mm & up
246-260
MDF            Export 15-19mm
307-338
Domestic 12-18mm
298-317


Malaysia Added Value Product Prices
Malaysia, Mouldings, FOB US$ per m³
Selagan Batu Decking
565-575
Red Meranti Mouldings 11x68/92mm x 7ft up
Grade A
580-593
Grade B
534-544 


Malaysia Furniture and Parts Prices
Malaysia, Rubberwood, FOB US$ per piece
Semi-finished dining table solid laminated top 2.5'x4', extension leaf
76-92
As above, Oak Veneer
83-97
Windsor Chair
75-77
Colonial Chair
73-78
Queen Anne Chair (soft seat) without arm
73-82
with arm
73-82
Chair Seat 27x430x500mm
61-66
Rubberwood Tabletop US$ per m³
22x760x1220mm sanded & edge profiled
Top Grade
622-652
Standard
606-622


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