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International Plywood and Veneer Prices 

16-31th August 2004


International Plywood and Veneer Prices 

Indonesia 

Plywood (export, FOB)

MR,               per Cu.m

Grade BB/CC

2.7mm                  US$335-355

3mm                     US$295-305

6mm                    US$250-260

 

Brazilian Plywood and Veneer  

Export prices are reported as relatively stable. In the case of plywood, prices have been kept steady because the demand in the US remains strong.  

The current low level of demand in Europe is expected to improve as the European holiday season comes to and end and businesses get back to full production. Furthermore, higher export volumes are expected to be shipped to Europe from September onwards as the 2005 import quota by the European Union kicks in January 2005.   

In the first seven months of 2004, Brazilian pine plywood exports totalled US$ 314 million, 94% higher than in the January-July period of 2003 (US$ 162 million). 

Regarding Brazilian tropical plywood, the value of exports in the first seven months of 2004 reached US$ 211,3 million, an increase of 70% in relation to the equivalent period of last year (US$ 124.2 million).

Shortage of containers 

The shortage of shipping containers is still a problem for the timber industry in Brazil. There is a shortage of containers at most of the ports in the country. In the first half of this year, the Paranagu¨˘ port ranked first in export volumes, where products like soy are shipped in bulk, while others are transported in containers, such as timber.  

The general cargo sector has been demanding 180,000 containers, an increase of 31% compared to the same period of last year, when exports utilised 137,000 thousand containers. The increased level of exports has led to a shortage of containers and some exporters are facing difficulties in meeting export delivery dates.  

This situation resulted in an increase in container costs, which has driven sawnwood and plywood exporters to consider bulk exports. Currently about 50% of the sawnwood and plywood exports are as bulk cargo and this is expected to increase in the short term.  

FOB Belem/Paranagua Ports

Veneer FOB         per Cu.m

White Virola Face

2.5mm                  US$200

Pine Veneer (C/D)       US$155

Mahogany Veneer   per Sq.m

0.7mm                  No trade

 

Plywood FOB                     per Cu.m

White Virola (US Market)

       5.2mm OV2 (MR)       US$290

       15mm BB/CC (MR)       US$275

For Caribbean countries

White Virola

4mm                US$400

12mm                     US$310

Pine EU market

9mm C/CC (WBP)          US$245

15mm C/CC (WBP)          US$235

18mm C/CC (WBP)          US$230


Plywood in the US
 

The volume of Brazilian plywood exports to the US has been rising. Projections suggest that more than 1.4 million cubic metres of Brazilian plywood may reach the US market this year if the current import rate is maintained.  

Brazil's advantage in plywood production is related to the relatively low-cost operations of its mill production (especially labour costs) compared to US counterparts.  

Some analysts say that Brazilian mills benefited from almost perfect timing, entering the US market when prices at home were at historically low levels.  

Although some observers expect a decline in Brazilian plywood exports to the US, others say a higher volume of wood products may be shipped to the US market, especially non-certified panels.  

Brazil traditionally shipped large volumes of non-certified panels to Europe but these are affected by the European Union import quotas.  

Since Brazilian efforts to expand into structural applications in Europe have been largely unsuccessful so far, Brazil is likely to redirect its non-certified plywood exports towards the US.  

Initiatives towards panel certification have been made in Brazil over the last few years. The PNQM is a good example of the Brazilian effort to expand its market participation worldwide.

The National Program for Wood Quality (PNQM) is a programme aimed at certifying products made under pre-established specifications and controlled parameters. The program currently certifies pine plywood, tropical plywood and doors and other products are expected to be included. 

Agreements between PNQM and international accredited bodies have been pursued to make Brazilian certification recognized worldwide. Gradually, this is contributing to the successful penetration of structural pine plywood in Europe. 

Malaysian Plywood

MR Grade BB/CC FOB       per Cu.m

2.7mm                  US$335-345

3mm                     US$290-295 

9mm plus              US$265-275 

Domestic plywood

3mm                     US$350-365 

12-18mm              US$275-290 

  

Ghana 

Rotary Veneer              Core       Face      

                     1mm+       below 2mm

Bombax, Chenchen,        Euro per Cu.m

Kyere, Ofram,

Ogea,Otie,Essa               320       360

Ceiba                    260  300

Mahogany             420  460

The above prices are for full sized panels, falling sizes minus 15%.

Core Grade 2mm+            per Cu.m

Ceiba                           US$225

Chenchen, Ogea,

Ofram,                        US$290

 

Sliced Veneer 

                           Euro per Sq.m            

              Face       Backing

Afromosia       1.19 0.69

Asanfina 1.25       0.73

Avodire  0.92       0.51

Chenchen       0.72 0.44

Mahogany       1.03 0.65

Makore          1.01 0.60

Odum            1.54 0.92

 

Plywood Prices FOB 

Redwoods B/BB     

                             Euro per Cu.m

                          WBP             MR

4mm              560         460

6mm              340         310

9mm              315         290

12mm            300         280

15mm            310         285

18mm            300         275

Light Woods B/BB     

              WBP              MR

4mm              500         352

6mm              340         265

9mm              290         250

12mm            270         230

15mm            280         240

18mm            245         230

 Grade AB/BB would attract a premium of 5%. BB/BB would be 5% less, C/CC would be 10% less and CC/CC would be 15% less.

 Peru 

FOB For Mexican Market   per Cu.m

Copaiba plywood,

two faces sanded,

B/C, 15x4x8mm       US$330-340

Virola plywood,

two faces sanded,

b/c, 5.2mmx4x8              US$370-380

 

Lupuna plywood, treated,

two faces sanded,

5.2mmx4x8           US$320-330

Lupuna plywood, b/c , for Mexico

15mmx4x8            US$300-310

b/c, 9mmx4x8        US$310-320

b/c, 12mmx4x8              US$305-310

c/c 4mmx8x4        US$310-320

  

Veneer Prices  

FOB                    per Cu.m

Lupuna 2.5mm              US$195-200

Lupuna 4.2mm              US$205-215

Lupuna 1.5mm               US$225-235

 

Domestic Plywood Prices  

Brazil 

Rotary Cut Veneer

(ex-mill Northern Mill)       per Cu.m

White Virola Face              US$137

White Virola Core              US$111

 

Plywood

(ex-mill Southern Mill)      

Grade MR                   per Cu.m

4mm White Virola            US$435

15mm     White Virola            US$316

4mm Mahogany 1 face            No trade

 

Indonesia  

Domestic MR plywood

(Jarkarta)              per Cu.m

9mm                     US$275-280

12mm                   US$250-255

15mm                   US$260-275

 

Peru

                                                  per Cu.m

Lupuna Plywood

122 x 244 x 4mm BB/CC       US$416

122 x 244 x 6mm BB/CC       US$411

122 x 244 x 8mm BB/CC       US$402

122 x 244 x 10mm BB/CC       US$394

122 x 244 x 12mm BB/CC       US$393

122 x 244 x 15mm BB/CC       US$394

122 x 244 x 18mm BB/CC       US$392

 

Other Panel Product Prices  

Brazil  

FOB Belem/Paranagua Ports  

Export Prices

Blockboard 18mm B/C            per Cu.m

Pine                      US$330

 

Domestic Prices

Ex-mill Southern Region    per Cu.m

Blockboard

15mm White Virola Faced       US$284

15mm Mahogany Faced            No Trade

Particleboard

15mm                          US$174

  

Indonesia

Other Panels         per Cu.m

Export Particleboard FOB

9-18mm         US$140-150

Domestic Particleboard

9mm                     US$150-160

12-15mm              US$140-145

18mm                   US$135-140

 

MDF Export (FOB)

12-18mm              US$195-200

MDF Domestic

12-18mm              US$200-215


Malaysia
 

Particleboard (FOB)   

Export                  per Cu.m

12mm & above              US$165-170

 

Domestic

12mm & above              US$160-175

 

MDF (FOB)         per Cu.m

Export 18-22mm       US$200-205

 

Domestic Price

12-18mm              US$190-215

 

Peru

Domestic Particleboard Prices
 

Domestic                     per Cu.m

1.83m x 2.44m x 4mm              US$288

1.83m x 2.44m x 6mm              US$243

1.83m x 2.44m x 8mm              US$215

1.83m x 2.44m x 9mm              US$224

1.83m x 2.44m x 12mm            US$206

Prices of Added Value Products  

Indonesia 

Mouldings             per Cu.m

Laminated Boards          

Falkata wood        US$295-305

Red Meranti Mouldings

11x68/92mm x 7ft up     

Grade A       US$610-630

Grade B       US$515-525

 

Malaysia 

Mouldings (FOB)    per Cu.m

Selagan Batu Decking       US$550-555

Red Meranti Mouldings

11x68/92mm x 7ft up     

Grade A       US$630-635

Grade B       US$525-530

 

Ghana  

Parquet Flooring

10x60x300mm

FOB             Euro per Sq.m

Apa        12.00

Odum            7.80

Hyedua          13.67

Afromosia       13.72

10x65/75mm

Apa        14.47

Odum            10.18

Hyedua          18.22

Afromosia       13.93

14x70mm

Apa        17.00

Odum            11.00

Hyedua          17.82

Afromosia       17.82

10x50mm/77mm

Apa        10.99

Odum            8.50

Hyedua          13.67

Afromosia       12.59

  

Peru  

Strips  for parquet   FOB per Cu.m

Cabre uva KD S4S

Asian Market        US$1000-1200

Cumaru KD, S4S,

(Swedish Market)       US$630-645

Cumaru KD, S4S,

(Asian Market)              US$555-585

 

 

Cumaru decking, AD,

S4S E4S USA market       US$620-642

Pumaquiro KD # 1, C&B

(Mexican market)       US$465-480

Quinilla KD 12%, S4S

20mmx100mmx620mm

 (Asian market)              US$560-575

Source: ITTO

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