Malaysia: Wood industry exports up nearly 60%

  • June 27, 2008
  • • Source: ITTO's Tropical Timber Market Report
  • • Views: 1820
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The Deputy Minister of Plantation Industries and Commodities, A. Kohilan Pillay, said wood industry exports in Malaysia during 2007 rose nearly 60% to RM22.65 billion compared with figures from 10 years ago. Bernama reported on the Deputy Minister’s remarks, which were delivered at a Malaysian Timber Industry Board seminar on incentives for wood-based industries. Kohilan noted that furniture exports stood at RM6 billion, and were exported to 160 countries, with the largest market, the US, receiving about USD2 billion worth of exports.

Kohilan also said that investments in the wood-based sector have improved as a result of the growth of the sector. Investments grew to about RM933.4 million, about 23.1% of total investments in the commodities sector. Over a third of this amount was from foreign investments and over half was from domestic investments. The Malaysian furniture industry was also moving its export focus from the US to the new members of the EU in Eastern Europe. According to sources within the industry, the combined consumption of EU members could easily replace that of the US in the near future.

Malaysia Log Prices
Sarawak log, FOB US$ per m³
Meranti SQ up 290-311
Small
273-293
Super small
263-270
Keruing SQ up 270-280
Small
237-270
Super small
230-236
Kapur SQ up 248-266
Selangan Batu SQ up 272-294

Pen. Malaysia logs, domestic (SQ) US$ per m³
DR Meranti 354-396
Balau 292-322
Merbau 413-436
Rubberwood 253-273 
Keruing 284-288
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
432-457 
Seraya Scantlings (75x125 KD)
705-744
Sepetir Boards
335-345
Sesendok 25,50mm
447-477 
Kembang Semangkok
428-449 

Malaysian Sawnwood, domestic
US$ per m³
Balau (25&50mm,100mm+)
348-368
Merbau
559-582 
Kempas 50mmx (75,100 & 125mm)
297-314
Rubberwood 25x75x660mm up
290-321
50-75mm Sq.
313-338
>75mm Sq.
325-357


Malaysia Plywood Prices
Malaysia ply MR BB/CC, FOB US$ per m³
2.7mm
482-510 
3mm
462-488 
9mm & up
423-446 
Meranti ply BB/CC, domestic US$ per m³
3mm
460-470 
12-18mm
403-411 


Other Malaysia Panel Prices
Malaysia, Other Panels, FOB US$ per m³
Particleboard Export 12mm & up
241-258
Domestic 12mm & up
231-247
MDF            Export 15-19mm
306-329
Domestic 12-18mm
281-300


Malaysia Added Value Product Prices
Malaysia, Mouldings, FOB US$ per m³
Selagan Batu Decking
681-699 
Red Meranti Mouldings 11x68/92mm x 7ft up
Grade A
717-737 
Grade B
635-653 


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
59-61
Colonial Chair
55-63
Queen Anne Chair (soft seat) without arm
54-66
with arm
56-67
Chair Seat 27x430x500mm
42-48
Rubberwood Tabletop US$ per m³
22x760x1220mm sanded & edge profiled
Top Grade
635-645
Standard
603-620
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