Malaysia: Exporters fear another downturn in the US economy

Fonte:
ITTO's Tropical Timber Market Report
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Malaysian timber exports slowed in the first four months of this year and timber exporters in the country are wary of a yet another economic downturn in the US that could impact timber markets around the world as in 2009. According to preliminary statistics released by the Malaysian Timber Industry Board (MTIB), exports of sawnwood amounted to RM786 million for the first four months of 2011, a decline of 7.8% compared to the same period in 2010. Volume-wise, the decline was 4.4%. Compared to levels in the first half of 2010 log exports in the same period of 2011 were down by 18.7% at RM625 million.

However, exports of builders’ woodwork and joinery rose by 12% to RM338 million and fibreboard exports registered an increase of 8% to RM393 million for the January to April period in 2011 compared to levels in the same period of 2010.

Plywood imports by Japan slow as inventories are assessed
Japanese imports of Malaysian plywood have slowed as plywood importers evaluate their inventories. News is circulating that some importers have run out of storage space in their warehouses.

According to statistics released by the Sarawak Timber Industry Development Corporation (STIDC), Sarawak’s exports of plywood to Japan amounted to RM476 million in the first quarter of this year. However, exports of plywood rose to RM926 million in the second quarter, an increase of more than 65% compared to levels in the same period last year. Sarawak plywood exporters are projecting an increase in the demand for plywood well into 2012.

Flow of logs to Sarawak mills back to normal
The STIDC has indicated that the flow of logs to domestic mills has returned to normal and that the plywood mills in Sarawak, with a combined capacity of 4 million cu.m, are now operating at about 70% of capacity. Sarawak’s exports of plywood to South Korea, its second largest market after Japan, fell from RM107 million in the first quarter of this year to RM55 million in the second quarter.

This was due to the imposition of anti-dumping duties by the South Korea Trade Commission placed on plywood of Sarawak origin after complaints filed by the South Korean Wood Panel Association.

Nevertheless, Sarawak exported RM2.1 billion worth of panel-products in the first half of this year compared to RM1.95 billion in the same period last year. The volume of panel products exported during the first half of this year was only 1.3 million cu.m, whereas the volume exported during the same period last year totaled 1.46 million cu.m. Taiwan P.o.C was the third largest export destination for plywood from Sarawak in the first half of this year with imports valued at RM147.5 million for a volume of 112,900 cu.m. The Philippines is the fourth largest market at RM56 million (34,360 cu.m).

Exports to countries in the Middle-East picked in the first half of the year with Egypt importing some RM40 million (26,270 cu.m) and Yemen importing RM31 million (25,360 cu.m).

Malaysia Log Prices Malaysia Log Prices
Sarawak log, FOB US$ per m³
Meranti SQ up 264-291
Small
252-285
Super small
255-279
Keruing SQ up 245-257
Small
236-268
Super small
227-251
Kapur SQ up 238-264
Selangan Batu SQ up 242-274

Pen. Malaysia logs, domestic (SQ) US$ per m³
DR Meranti 280-298
Balau 326-356
Merbau 374-405
Rubberwood 106-140
Keruing 248-274
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
414-450
White Meranti A & up
310-340
Seraya Scantlings (75x125 KD)
454-466
Sepetir Boards
277-306
Sesendok 25,50mm
365-383
Kembang Semangkok
342-370

Malaysian Sawnwood, domestic
US$ per m³
Balau (25&50mm,100mm+)
346-366
Merbau
484-536
Kempas 50mmx (75,100 & 125mm)
290-330
Rubberwood 25x75x660mm up
241-291
50-75mm Sq.
279-311
>75mm Sq.
301-331


Malaysia Plywood Prices
Malaysia ply MR BB/CC, FOB US$ per m³
2.7mm
448-509
3mm
429-459
9mm & up
380-450
Meranti ply BB/CC, domestic US$ per m³
3mm
372-462
12-18mm
355-384


Other Malaysia Panel Prices
Malaysia, Other Panels, FOB US$ per m³
Particleboard Export 12mm & up
263-286
Domestic 12mm & up
254-268
MDF            Export 15-19mm
315-347
Domestic 12-18mm
306-325


Malaysia Added Value Product Prices
Malaysia, Mouldings, FOB US$ per m³
Selagan Batu Decking
576-586
Red Meranti Mouldings 11x68/92mm x 7ft up
Grade A
590-603
Grade B
545-555


Malaysia Furniture and Parts Prices
Malaysia, Rubberwood, FOB US$ per piece
Semi-finished dining table solid laminated top 2.5'x4', extension leaf
79-95
As above, Oak Veneer
86-100
Windsor Chair
78-80
Colonial Chair
76-81
Queen Anne Chair (soft seat) without arm
78-87
with arm
78-88
Chair Seat 27x430x500mm
64-69
Rubberwood Tabletop US$ per m³
22x760x1220mm sanded & edge profiled
Top Grade
634-664
Standard
617-633


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