Malaysia: Wood product prices remain flat
Wood product prices in Malaysia remained mostly unchanged during the last fortnight as European timber importers were not actively buying while waiting to see how the continuing European debt crises are affecting business. European buyers fear that there will be other EU countries with debts as bad as in Greece.
The continuing European debt crisis and high unemployment in the US have resulted in cautious purchasing from the importers. However, the Chinese market remains vibrant and offers good opportunities for timber exporters.
MTC eyes Jordan for increased timber exports
According to the Malaysian Timber Council (MTC), Malaysian timber product exports to Jordan are expected to increase by 10% this year. MTC recently organised a trade mission to Jordan with 13 Malaysian timber companies participating.
Trade between Malaysia and Jordan amounted to US$188 million in 2009, according to statistics from the Malaysian embassy in Jordan. Jordan imported timber and wood products worth only US$3 million from Malaysia back in 1998. Since then, imports have rose steadily to US$32 million in 2007, US$41 million in 2008 and US$48 million in 2009.
Malaysian timber and timber product exports to the Middle-East reached US$508 million in year 2009. Jordan is the fifth largest importer of Malaysian timber products in the region after the UAE, Yemen, Saudi Arabia and Egypt.
Furniture buying mission by Japanese retailer
Maruni Furnishing Inc., a high quality wooden furniture and furniture products retailer in Japan, reportedly considers Malaysia as an attractive furniture supplier. The company made a buying mission to Malaysia recently. In recent years, Malaysian furniture exports have been increasing to Japan, where China, Vietnam and Thailand have been the main exporting countries.
Malaysia Log Prices
Malaysia Log Prices
Malaysia Sawnwood Prices
Malaysia Plywood Prices
Other Malaysia Panel Prices
Malaysia Added Value Product Prices
Malaysia Furniture and Parts Prices
The continuing European debt crisis and high unemployment in the US have resulted in cautious purchasing from the importers. However, the Chinese market remains vibrant and offers good opportunities for timber exporters.
MTC eyes Jordan for increased timber exports
According to the Malaysian Timber Council (MTC), Malaysian timber product exports to Jordan are expected to increase by 10% this year. MTC recently organised a trade mission to Jordan with 13 Malaysian timber companies participating.
Trade between Malaysia and Jordan amounted to US$188 million in 2009, according to statistics from the Malaysian embassy in Jordan. Jordan imported timber and wood products worth only US$3 million from Malaysia back in 1998. Since then, imports have rose steadily to US$32 million in 2007, US$41 million in 2008 and US$48 million in 2009.
Malaysian timber and timber product exports to the Middle-East reached US$508 million in year 2009. Jordan is the fifth largest importer of Malaysian timber products in the region after the UAE, Yemen, Saudi Arabia and Egypt.
Furniture buying mission by Japanese retailer
Maruni Furnishing Inc., a high quality wooden furniture and furniture products retailer in Japan, reportedly considers Malaysia as an attractive furniture supplier. The company made a buying mission to Malaysia recently. In recent years, Malaysian furniture exports have been increasing to Japan, where China, Vietnam and Thailand have been the main exporting countries.
Malaysia Log Prices
| Sarawak log, FOB | US$ per m³ |
| Meranti SQ up | 232-256 |
|
Small
|
215-246 |
|
Super small
|
207-231 |
| Keruing SQ up | 221-233 |
|
Small
|
201-231 |
|
Super small
|
179-209 |
| Kapur SQ up | 211-236 |
| Selangan Batu SQ up | 191-228 |
| Pen. Malaysia logs, domestic (SQ) | US$ per m³ |
| DR Meranti | 238-257 |
| Balau | 303-332 |
| Merbau | 333-366 ⇑ |
| Rubberwood | 68-104 ⇑ |
| Keruing | 222-238 |
| 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 | |
| DR
Meranti |
396-432 | |
| White Meranti A & up |
284-314
|
|
| Seraya Scantlings (75x125 KD) |
436-449
|
|
| Sepetir Boards |
253-275
|
|
| Sesendok 25,50mm |
347-365
|
|
| Kembang Semangkok |
304-327
|
|
| Malaysian Sawnwood, domestic |
US$ per m³
|
|
| Balau (25&50mm,100mm+) |
327-347
|
|
| Merbau |
461-513
|
|
| Kempas 50mmx (75,100 & 125mm) |
261-301
|
|
| Rubberwood | 25x75x660mm up |
216-266 ⇑
|
| 50-75mm Sq. |
255-287 ⇑
|
|
| >75mm Sq. |
277-306 ⇑
|
|
Malaysia Plywood Prices
| Malaysia ply MR BB/CC, FOB | US$ per m³ |
| 2.7mm |
411-473
|
| 3mm |
391-421
|
| 9mm & up |
338-410
|
| Meranti ply BB/CC, domestic | US$ per m³ |
|
3mm
|
334-425
|
|
12-18mm
|
318-347
|
Other Malaysia Panel Prices
| Malaysia, Other Panels, FOB | US$ per m³ |
| Particleboard Export 12mm & up |
230-253
|
|
Domestic 12mm & up
|
215-232
|
| MDF Export 15-19mm |
283-314
|
|
Domestic 12-18mm
|
273-291
|
Malaysia Added Value Product Prices
| Malaysia, Mouldings, FOB | US$ per m³ |
| Selagan Batu Decking |
539-549
|
| Red Meranti Mouldings 11x68/92mm x 7ft up | |
|
Grade A
|
554-567
|
|
Grade B
|
507-517
|
Malaysia Furniture and Parts Prices
| Malaysia, Rubberwood, FOB | US$ per piece | |
| Semi-finished dining table solid laminated top 2.5'x4', extension leaf |
64-80
|
|
| As above, Oak Veneer |
71-85
|
|
| Windsor Chair |
63-65
|
|
| Colonial Chair |
61-66
|
|
| Queen Anne Chair (soft seat) | without arm |
61-69
|
| with arm |
61-70
|
|
| Chair Seat 27x430x500mm |
49-54
|
|
| Rubberwood Tabletop | US$ per m³ | |
| 22x760x1220mm sanded & edge profiled | ||
|
Top Grade
|
580-613 | |
|
Standard
|
564-584 | |