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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
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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2010

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