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.
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 |