| Malaysian construction sector suffers continuing slump |
| 13/06/2009 - 09:03 |
Demand for construction materials in Malaysia continued
to decline, pushing down prices for construction materials.
Steel, a competitor with timber products, was expected to
further drop 25% in price in 2009. The trends, reported by
the Malaysian Iron & Steel Industry Federation in The
Star, showed declines in production of 10.7% to 7.8
million tons in 2008. Domestic prices of steel bars had
tumbled from RM3,800 per ton in July 2008 to RM2,000
in recent weeks.
MFPC Chair calls for new marketing strategies
As reported in the Business Times, Chairman of the
Malaysian Furniture Promotional Council (MFPC) Mr.
Merlyn Kasimir encouraged Malaysian furniture
manufacturers to enhance new marketing strategies to
reposition themselves globally while achieving higher
productivity and maintaining lower production costs.
In 2008, exports of Malaysian furniture grew by 2% and
were worth RM8.72 billion, while imports of furniture
grew 9.8% and valued at RM1.5 billion. However, trade in
Malaysian furniture exports declined by 14.2% in January
2009 and 13.8% in February 2009. On an annual basis,
Malaysian furniture exports were worth about 2.5% of the
world furniture trade.
Sarawak scales back timber quota rate
According to Bernama News, Sarawak scaled back the
enforcement of its rules on the timber quota rate for the
first six months of 2009 to help timber exporters weather
the global recession. The standard royalty rate for timber
has already been reduced from RM65 to RM50 per meter
from January to December 2009. The payment period for
timber royalties has also been extended from two weeks to
three months.
Exports of timber products from Sarawak declined about
30% to RM1.3 billion in the first quarter of 2009,
compared to RM1.9 billion in the first quarter of 2008.
The volume of timber products also dropped 34% during
the same period. Royalties from timber products plunged
by about 39% to RM82.6 million in the first quarter of
2009, compared to RM134.9 million in the first quarter of
2008.
In 2008, the Sarawak timber industry registered a 2.6%
rise in export revenues worth RM7.9 billion compared to
RM7.7 billion in 2007.
Malaysia Log Prices
Malaysia
Log Prices
| Sarawak
log, FOB |
US$
per m³ |
| Meranti SQ up |
228-252 ⇓ |
|
Small
|
211-242 |
|
Super small
|
200-224 |
| Keruing SQ up |
216-228 |
|
Small
|
187-218 |
|
Super small
|
162-193 |
| Kapur SQ up |
206-231 |
| Selangan Batu SQ up |
178-215 |
|
| Pen. Malaysia
logs, domestic (SQ) |
US$ per m³ |
| DR Meranti |
232-251 |
| Balau |
298-325 |
| Merbau |
320-353 ⇓
|
| Rubberwood |
42-77 |
| Keruing |
215-231 |
| 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 |
| White Meranti A & up |
280-311
|
| Seraya Scantlings (75x125 KD) |
448-463 ⇓
|
| Sepetir Boards |
249-271
|
| Sesendok 25,50mm |
350-368 ⇓
|
| Kembang Semangkok |
294-317
|
|
| Malaysian
Sawnwood, domestic |
US$ per m³
|
| Balau (25&50mm,100mm+) |
330-350 ⇓
|
| Merbau |
472-523 ⇓
|
| Kempas 50mmx (75,100 & 125mm) |
260-300
|
| Rubberwood |
25x75x660mm up |
196-246
|
| 50-75mm Sq. |
237-269
|
| >75mm Sq. |
259-288
|
Malaysia Plywood Prices
| Malaysia
ply MR BB/CC, FOB |
US$
per m³ |
| 2.7mm |
414-476 ⇓
|
| 3mm |
391-421 ⇓
|
| 9mm & up |
336-408 ⇓
|
| Meranti ply
BB/CC, domestic |
US$ per m³ |
|
3mm
|
387-428 ⇓
|
|
12-18mm
|
321-350 ⇓
|
Other
Malaysia Panel Prices
| Malaysia,
Other Panels, FOB |
US$
per m³ |
| Particleboard Export 12mm & up |
228-251 ⇓
|
|
Domestic 12mm & up
|
213-230 ⇓
|
| MDF
Export 15-19mm |
283-315 ⇓
|
|
Domestic 12-18mm
|
272-290 ⇓
|
Malaysia
Added Value Product Prices
| Malaysia,
Mouldings, FOB |
US$
per m³ |
| Selagan Batu Decking |
543-553 ⇓
|
| Red Meranti Mouldings 11x68/92mm x 7ft up |
|
Grade A
|
559-572 ⇓
|
|
Grade B
|
510-519 ⇓
|
Malaysia
Furniture and Parts Prices
| Malaysia,
Rubberwood, FOB |
US$ per piece |
| Semi-finished dining table solid laminated top
2.5'x4', extension leaf |
58-74
|
| As above, Oak Veneer |
65-79
|
| Windsor Chair |
57-59
|
| Colonial Chair |
55-60
|
| Queen Anne Chair (soft seat) |
without arm |
55-63
|
| with arm |
55-64
|
| Chair Seat 27x430x500mm |
43-48
|
| Rubberwood
Tabletop |
US$ per m³ |
| 22x760x1220mm sanded & edge
profiled |
|
Top Grade
|
554-586 ⇓ |
|
Standard
|
539-557 ⇓ |
|
| (ITTO's Tropical Timber Market Report) |
 |
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