Malaysia expects to reach furniture target September 22, 2009
According to Bernama, the Malaysian government says it
is confident the country will be able to achieve a RM10
billion export target for its furniture exports by the end of
2009. The country has already registered RM3.57 billion
in furniture exports for the first half of 2009 compared to
RM4.11 for the same period last year.
To further promote its furniture products, Malaysian
traders will participate in the upcoming Malaysian
Furniture and Furnishings Fair. Its organizing chairman
Gan Tai Hwa expects total sales turnover is projected to
increase to RM50 million this year compared with RM40
million registered in last year’s fair.
Rubberwood gets a boost from latex demand
The continual usage of rubberwood as the main raw
material by the furniture industry has captured the
attention of investors, who are now interested in the
cultivation of rubber trees on a very large scale. One of the
latest joint ventures in the rubber plantation business by
the private sector involves Guangdong Guangken Rubber
Group, from China, and Bornion Timber Sdn Bhd, from
Malaysia, a 12,000 hectare rubber tree forest plantation
estate in Sabah with an initial investment of RM230
million.
Rubber experts claimed in The Star that those who have
invested in rubber tree plantations could expect an internal
rate of return (IRR) of up to 12.8% from rubberwood
alone. Over a 15-year period and with latex production
factored in, the IRR could reach up to 13.7% in
comparison with other plantation forest species, which
yield an IRR ranging from 5.1% to 15%. The IRR of
rubber tree plantations is comparable to the IRR of oil
palm plantations, which stands at 15.6%.
Companies undertaking new forest plantation projects in
Malaysia are provided a 10 year tax holiday beginning the
first year the company begins to make a profit. Those
involved in reinvestments will receive five years tax free
beginning the first year it makes a profit.
Malaysia Log Prices Malaysia
Log Prices
Sarawak
log, FOB
US$
per m³
Meranti SQ up
226-250
Small
210-241
Super small
200-224
Keruing SQ up
216-228
Small
190-220
Super small
166-196
Kapur SQ up
206-231
Selangan Batu SQ up
178-215
Pen. Malaysia
logs, domestic (SQ)
US$ per m³
DR Meranti
231-250
Balau
297-326
Merbau
322-354 ⇑
Rubberwood
48-82 ⇑
Keruing
214-230
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)
437-450
Sepetir Boards
249-271
Sesendok 25,50mm
346-364
Kembang Semangkok
294-317
Malaysian
Sawnwood, domestic
US$ per m³
Balau (25&50mm,100mm+)
325-345
Merbau
457-509⇓
Kempas 50mmx (75,100 & 125mm)
260-300
Rubberwood
25x75x660mm up
198-248 ⇑
50-75mm Sq.
239-271 ⇑
>75mm Sq.
261-290 ⇑
Malaysia Plywood Prices
Malaysia
ply MR BB/CC, FOB
US$
per m³
2.7mm
408-470
3mm
386-416
9mm & up
332-404
Meranti ply
BB/CC, domestic
US$ per m³
3mm
381-422
12-18mm
315-344
Other
Malaysia Panel Prices
Malaysia,
Other Panels, FOB
US$
per m³
Particleboard Export 12mm & up
226-249
Domestic 12mm & up
211-228
MDF
Export 15-19mm
281-313
Domestic 12-18mm
270-288
Malaysia
Added Value Product Prices
Malaysia,
Mouldings, FOB
US$
per m³
Selagan Batu Decking
531-541
Red Meranti Mouldings 11x68/92mm x 7ft up
Grade A
546-559
Grade B
499-508
Malaysia
Furniture and Parts Prices
Malaysia,
Rubberwood, FOB
US$ per piece
Semi-finished dining table solid laminated top
2.5'x4', extension leaf
