Nigeria makes presence felt at Expo Indonesia

  • November 17, 2011
  • • Source: ITTO's Tropical Timber Market Report
  • • Views: 1351
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Indonesia attracted around US$351 million in trade agreements and orders at the 26th Trade Expo Indonesia, the country’s largest trade exhibition, held from October 19th to October 23rd. Most of the new business was for furniture products report analysts.
Nigerian businesses led the way with some US$38 million worth of orders, followed by Malaysia (US$32 million), the UK (US$26 million) and Belgium with US$20 million. It was reported that Nigerian businesses were the biggest buyers at this trade show accounting for 11% of all transactions.
Interim statistics show that at 6,391 buyers from 89 countries attended and participated in the exhibition. The organizers are forecasting final attendance figures of around 8,300.

Indonesia faces risks from the EU debt crisis and economic stagnation in the US
The Indonesian Chief Economic Minister has said that he was still optimistic that the Indonesian economy could achieve a 6.5% growth in 2011 and may reach 6.7% in 2012, barring any negative global economic impacts.
He added that an IMF report indicated that Asia continues to face adverse risks arising from the EU debt crisis and economic stagnation in the US. The IMF indicted that economic growth in Asia will hover around 6.3% in 2011 and 6.7% in 2012.
Nevertheless, the Indonesia government will continue to monitor and take pre-emptive measures in the face of any possible impact from declining world economic growth in 2012, the Minister added.

Indonesia Log Prices
Indonesia logs, domestic prices US$ per m³
Plywood logs Face Logs 222-265
Core logs 210-239
Sawlogs (Meranti)
Falcata logs
Mahoni (plantation mahogany)

Indonesia Sawnwood Prices
Indonesia, construction material, domestic US$ per m³
Kampar (Ex-mill) AD 3x12-15x400cm 209-228
KD 223-258
AD 3x20x400cm 243-266
KD 244-273
Keruing (Ex-mill) AD 3x12-15x400cm 258-272
AD 2x20x400cm 248-266
AD 3x30x400cm 231-250

Indonesia Plywood Prices
Indonesia ply MR BB/CC, FOB
US$ per m³
MR Plywood (Jakarta), domestic

Other Indonesia Panel Prices
Indonesia, Other Panels, FOB
US$ per m³
Particleboard Export     9-18 mm 245-254
Domestic 9 mm 226-238
               12-15mm 221-233
               18mm 217-228
MDF Export     12-18mm 278-293
Domestic 12-18mm 261-273

Indonesia Added Value Product Prices
Indonesia, Mouldings, FOB
US$ per m³
Laminated Boards Falcata wood 328-341
Red Meranti Mouldings 11x68/92mm x 7ft up

Grade A 522-553
Grade B 480-502
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