| Malaysia expects to reach furniture target |
| 22/09/2009 - 11:56 |
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 |
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
|
551-583 |
|
Standard
|
536-554 |
|
| (ITTO's Tropical Timber Market Report) |
 |
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