Malaysia: Exports of furniture and other wood products fall

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ITTO's Tropical Timber Market Report
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For the first 5 months of 2011 Malaysia’s exports of wooden furniture and other wood products amounted to Euro 201.65, a decline of around 6% compared to the same period in 2010.
The US continues to be an important market for Malaysian wood products, importing wooden furniture and timber products worth Euro 50.46 million in the first 5 months of 2011. This, however, represented a decline of 24% compared to the same period last year.
Other major export destinations for Malaysian wood products are Australia, Canada, France, Germany, Japan, Saudi Arabia, Singapore, UAE and the UK.

German government develops initiative to address illegal harvesting
The German government is working to address the global problem of trade in illegally harvested timber. As part of this initiative German authorities are working with tropical timber exporting countries in an effort to find solutions to this problem.
The German government has reportedly enacted a new law which, in English, translates approximately to ‘Timber Trade Safeguard Law’. This is just one step taken by the German government to combat trade in illegal harvested timber globally. Reports indicate that this legislation will come into force in 2013.

Peninsular Malaysia may opt to sign the VPA before Sarawak and Sabah
Malaysia is currently negotiating a Voluntary Partnership Agreement (VPA) with the EU. Analysts are speculating that the VPA with Malaysia may eventually be covering three separate regions. Peninsular Malaysia may opt to sign the VPA before Sarawak and Sabah. These two states in East Malaysia may then separately sign VPA’s with the EU at a later date.

Malaysia Log Prices Malaysia Log Prices
Sarawak log, FOB US$ per m³
Meranti SQ up 265-292
Small
253-286
Super small
255-279
Keruing SQ up 247-259
Small
238-271
Super small
227-251
Kapur SQ up 239-265
Selangan Batu SQ up 244-278

Pen. Malaysia logs, domestic (SQ) US$ per m³
DR Meranti 283-302
Balau 326-356
Merbau 378-409
Rubberwood 106-140
Keruing 248-274
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
415-451
White Meranti A & up
310-340
Seraya Scantlings (75x125 KD)
454-466
Sepetir Boards
277-306
Sesendok 25,50mm
365-383
Kembang Semangkok
344-373

Malaysian Sawnwood, domestic
US$ per m³
Balau (25&50mm,100mm+)
346-366
Merbau
486-538
Kempas 50mmx (75,100 & 125mm)
290-330
Rubberwood 25x75x660mm up
241-291
50-75mm Sq.
279-311
>75mm Sq.
301-331


Malaysia Plywood Prices
Malaysia ply MR BB/CC, FOB US$ per m³
2.7mm
448-509
3mm
429-459
9mm & up
380-450
Meranti ply BB/CC, domestic US$ per m³
3mm
372-462
12-18mm
355-384


Other Malaysia Panel Prices
Malaysia, Other Panels, FOB US$ per m³
Particleboard Export 12mm & up
263-286
Domestic 12mm & up
254-268
MDF            Export 15-19mm
315-347
Domestic 12-18mm
306-325


Malaysia Added Value Product Prices
Malaysia, Mouldings, FOB US$ per m³
Selagan Batu Decking
576-586
Red Meranti Mouldings 11x68/92mm x 7ft up
Grade A
590-603
Grade B
545-555


Malaysia Furniture and Parts Prices
Malaysia, Rubberwood, FOB US$ per piece
Semi-finished dining table solid laminated top 2.5'x4', extension leaf
79-95
As above, Oak Veneer
86-100
Windsor Chair
78-80
Colonial Chair
76-81
Queen Anne Chair (soft seat) without arm
78-87
with arm
78-88
Chair Seat 27x430x500mm
64-69
Rubberwood Tabletop US$ per m³
22x760x1220mm sanded & edge profiled
Top Grade
634-664
Standard
617-633


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