| Malaysia: Hopes high for MIFF 2010 |
| 04/02/2010 - 10:34 |
The organizing chairman of the Malaysian International
Furniture Fair (MIFF) 2010, projected that this year’s
exhibition will draw over 20,000 visitors and generate
sales over US$710 million.
The secretary-general of the Malaysian International Trade
and Industry Ministry has reported that furniture exports
rose over the first three quarters of 2009 in comparison
with the same period in2008.
Exports to Japan rose by around 9% to RM569million, to
UK by 6% (RM429.2million) and to the Netherlands by
8.5% (RM101.3million).
However, exports to traditional markets, e.g., Australia,
India, the US and the Middle-East declined substantially,
because of competition from manufacturers in China,
Indonesia and Vietnam.
Both Indonesia and Vietnam are major exporters of natural
rubber and the old rubber plantations when cleared
provide ample rubberwood logs for their furniture
industries.
Design and branding challenge
The challenge facing the Malaysian furniture industry,
apart from global branding, is product design. However,
the industry is handicapped by the lack of trade schools
and training facilities that are common in Europe and N.
America.
Countries such as Italy, Germany and Sweden, major
furniture producers, have extensive training capacity for
the furniture industries.
These schools not only produced highly-skilled graduates
for the local furniture industry but also outstanding
product designs.
Expanding exports
Homeritz Corporation based in the southern state of Johor
West Malaysia, is an integrated designer, manufacturer
and exporter of a wide range of home furniture including
dining chairs and bed frames. The company is working
towards expanding its exports to both North America and
South America.
Homeritz is set to be the first upholstered home furniture
company to be listed in the Malaysian stock exchange if
plans for the February 2010 listing go through.
Between 2005 and 2009 the company posted an
accumulated growth of almost 30%. In tandem with this
the company’s workforce also increased significantly, a
welcome development in these difficult times in the labour
market.
Tax system impacts fibre costs
A number of oil palm plantation companies in Sarawak,
are also wood product manufacturers and depend to some
extent on oil palm fibres as a source of raw material for
their manufacturing mills e.g., MDF.
Oil palm planters, especially those operating in Sarawak,
are urging that the industry be subjected to a more realistic
system of taxation, particularly for those with fresh crops
and are not yet in production. Presently, the latter are
subjected to high taxation, cess fees and levies imposed by
both the federal and state government.
Any increase in plantation costs for companies will
eventually increase the cost of raw material supply for
their wood products manufacturing entities.
Malaysia Log Prices
Malaysia
Log Prices
| Sarawak
log,
FOB
|
US$
per m³ |
| Meranti SQ up |
227-251 |
|
Small
|
211-242 |
|
Super small
|
203-227 ⇑ |
| Keruing SQ up |
216-228 |
|
Small
|
196-226 ⇑ |
|
Super small
|
174-204 ⇑ |
| Kapur SQ up |
206-231 |
| Selangan Batu SQ up |
185-222 ⇑ |
|
| Pen. Malaysia
logs, domestic (SQ) |
US$ per m³ |
| DR Meranti |
233-252 |
| Balau |
298-327 |
| Merbau |
323-355
|
| Rubberwood |
58-92 ⇑ |
| 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 |
205-255 ⇑
|
| 50-75mm Sq. |
245-277 ⇑
|
| >75mm Sq. |
267-296 ⇑
|
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 |
62-87 ⇑
|
| As above, Oak Veneer |
69-83 ⇑
|
| Windsor Chair |
61-63 ⇑
|
| Colonial Chair |
59-64 ⇑
|
| Queen Anne Chair (soft seat) |
without arm |
59-67 ⇑
|
| with arm |
59-68 ⇑
|
| Chair Seat 27x430x500mm |
47-52 ⇑
|
| Rubberwood
Tabletop |
US$ per m³ |
| 22x760x1220mm sanded & edge
profiled |
|
Top Grade
|
568-601 ⇑ |
|
Standard
|
552-571 ⇑ |
|
| (ITTO's Tropical Timber Market Report) |
 |
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