| Malaysia: Optimism returns |
| 26/01/2010 - 18:28 |
Malaysian timber companies greeted the New Year in a
positive mood now there seems some improvement in
demand.
The global economic slowdown considerably weakened
the demand for Malaysian timber products. In the worst of
the crisis production in Malaysia fell almost 40%, with
plywood and other panel product manufacturers being
hardest hit.
The trade is anticipating growing demand for certified
timber products which will give a boost to products from
plantation timbers.
In addition to the modest improvements in demand for
primary products, producers report that demand for
Malaysian furniture seems to be picking up after a tough
2009.
International buyers are slowly returning to the Malaysian
market after a one year absence it seems. The trade in
Malaysia suggests that the main reasons for their return
even in continuing difficult trading conditions is the high
quality of workmanship and the ability of Malaysian
companies to deliver on time.
Although furniture from China is competitive in terms of
pricing, timely delivery remains a major problem for some
overseas buyers who want just in time deliveries.
The secretary-general of the Malaysian Ministry of
International Trade and Industry (MITI) commented that
the country is ready for the full implementation of the
ASEAN-China free trade agreement (FTA).
Businesses in the country are ready to do business with the
trading bloc of almost 2 billion consumers in ASEAN,
with a combined gross domestic product (GDP) of around
US$5 trillion.
Beginning January 1, 2010, China and the Asean-6,
(Brunei, Indonesia, Malaysia, the Philippines, Singapore
and Thailand), will ensure full implementation of the FTA
by eliminating the duties on up to 90% of products
according to the agreement.
China is Malaysia's fourth largest trading partner, after
Singapore, the US and Japan, with trade in 2008 amounted
to RM130 billion, or 11% of Malaysia's global trade in
total. Malaysia's exports to China in 2008 amounted to
RM63 billion, which accounted for almost one-tenth of
global exports. In the first 3 quarters of 2009, trade with
China amounted to RM89 billion, with exports standing at
RM46.8 billion.
Malaysia Log Prices
Malaysia
Log Prices
| Sarawak
log,
FOB
|
US$
per m³ |
| Meranti SQ up |
227-251 ⇑ |
|
Small
|
211-242 ⇑ |
|
Super small
|
202-226 ⇑ |
| Keruing SQ up |
216-228 |
|
Small
|
194-224 ⇑ |
|
Super small
|
172-202 ⇑ |
| Kapur SQ up |
206-231 |
| Selangan Batu SQ up |
183-220 ⇑ |
|
| Pen. Malaysia
logs, domestic (SQ) |
US$ per m³ |
| DR Meranti |
233-252 ⇑ |
| Balau |
298-327 ⇑ |
| Merbau |
323-355
|
| Rubberwood |
55-89 ⇑ |
| Keruing |
216-232 ⇑ |
| 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 |
281-311 ⇑
|
| Seraya Scantlings (75x125 KD) |
432-445 ⇑
|
| Sepetir Boards |
250-272 ⇑
|
| Sesendok 25,50mm |
345-363
|
| Kembang Semangkok |
294-317
|
|
| Malaysian
Sawnwood,
domestic
|
US$ per m³
|
| Balau (25&50mm,100mm+) |
325-345
|
| Merbau |
452-504
|
| Kempas 50mmx (75,100 & 125mm) |
260-300
|
| Rubberwood |
25x75x660mm up |
204-254 ⇑
|
| 50-75mm Sq. |
244-276 ⇑
|
| >75mm Sq. |
266-295 ⇑
|
Malaysia Plywood Prices
| Malaysia
ply
MR
BB/CC,
FOB
|
US$
per m³ |
| 2.7mm |
404-466
|
| 3mm |
384-414
|
| 9mm & up |
330-402
|
| Meranti ply
BB/CC, domestic |
US$ per m³ |
|
3mm
|
329-420
|
|
12-18mm
|
313-342
|
Other
Malaysia Panel Prices
| Malaysia,
Other
Panels,
FOB
|
US$
per m³ |
| Particleboard Export 12mm & up |
226-249
|
|
Domestic 12mm & up
|
212-229 ⇑
|
| MDF
Export
15-19mm
|
279-310
|
|
Domestic 12-18mm
|
270-288
|
Malaysia
Added Value Product Prices
| Malaysia,
Mouldings,
FOB
|
US$
per m³ |
| Selagan Batu Decking |
529-539 ⇑
|
| Red Meranti Mouldings 11x68/92mm x 7ft up |
|
Grade A
|
544-557 ⇑
|
|
Grade B
|
497-506 ⇑
|
Malaysia
Furniture and Parts Prices
| Malaysia,
Rubberwood, FOB |
US$ per piece |
| Semi-finished dining table solid laminated top
2.5'x4', extension leaf |
61-77 ⇑
|
| As above, Oak Veneer |
68-82 ⇑
|
| Windsor Chair |
50-62 ⇑
|
| Colonial Chair |
50-62 ⇑
|
| Queen Anne Chair (soft seat) |
without arm |
58-66 ⇑
|
| with arm |
58-67 ⇑
|
| Chair Seat 27x430x500mm |
46-51 ⇑
|
| Rubberwood
Tabletop |
US$ per m³ |
| 22x760x1220mm sanded & edge
profiled |
|
Top Grade
|
563-596 ⇑ |
|
Standard
|
547-566 ⇑ |
|
| (ITTO's Tropical Timber Market Report) |
 |
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