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International
Plywood and Veneer Prices | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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International
Plywood and Veneer Prices INDONESIA Prices for Indonesian timber products are not available. Indonesian
rupiah slide to 45-month low The
rupiah drop to a 45‑month low against the USD in late August. The
USD traded at just under 10,840, 11% depreciation since January 2005 (9%
in the last two weeks of August). Confidence
was mainly hit by high oil prices which are hurting government finances.
The government spends nearly US$14b a year (about a third of central
government expenditure) on fuel subsidies. The
Indonesian Central Bank raised 75 points its bench mark interest to 9.5%,
a two‑year high, to arrest the slump in the currency. Analysts
expect the government to take further measures to shore up confidence. Plywood production declined again Plywood
output slipped in 2004 according to ITTO¡¯s Annual Review, amid a
shortage of raw supplies and a slow down in international demand. Plywood
production declined to 6.4m m3 in 2004, down from 6.74m m3
in 2003, 7.3m m3 in 2001 and 8.2m m3 in 2000. According
to the European Plywood Federation FEIC, Indonesian plywood exports
reached 5.2m m3 in 2004, down 6% from 2003. This year exports
are expected to fall below 5m m3. Indonesian exporters have
lost market share in Japan, the EU, Taiwan P.O.C. and China to Chinese
suppliers. Indonesia
is trying to focus production on processed plywood grades aiming to enter
new markets for niche products. Plywood mills are also intensifying the
production of particle boards, blockboard and MDF. BRAZIL Plywood exports declined in July months. Analysts say that this was a result
of the steady strengthening of the Brazilian currency, the impact of
tariff duties imposed by the USA and the EU on some key products and
growing competition from China. Many lumber and plywood producers are said
to be exporting in order to fulfill current contracts while new contracts
at same prices are less unlikely as a result of an unfavourable exchange
rate. The value of Brazilian exports of solid wood products
increased 6% from January to July 2005, as compared with the same period
in 2004, from US$1.66b to US$ 1.75b. Tropical plywood accounted for the
largest fall in exported volume, declining 42%, from 41,800 m³
(US$38.7m) in July 2004 to 24,400 m³ (US$ 20.9m) in July 2005.
Exports of pine plywood also contracted 35% from 64,700 m³ (US$47.2m)
in July 2004 to 99,000 m³ (US$29.4m) in July 2005. In contrast, monthly exports of furniture kept reaching
new highs. Furniture exports increased to US$ 77.8m in July 2005, up 0.2%
from July 2004 (US$77.7m). Tropical
plywood declining in 2005 According to the Ministry of Development, Industry and
Commerce, exports of some solid wood products, especially plywood, have
been decreasing significantly in 2005. For tropical plywood, exports fell
74% from 76,963 m³ to 20,183 m³ in the first semester of 2005.
For coniferous plywood, exports remained stable over the same period but
decreased 16% in July. Plywood exports recovered in July, but are 27%
below the volume exported in January 2005. The Northern State of Par¨¢ has
faced a significant fall in tropical plywood exports (30% in value and 33%
in volume), despite the 21% increase in the value of exports of solid wood
products in the past six months as compared with 2004. The plywood sector in Northern Brazil has traditionally
exported mainly to China, the USA, the Netherlands, France and Germany.
Market experts have linked the decrease in exports to the exchange rate,
and the impact of competitors in the international market. China has
become a major plywood producer and a significant competitor to Brazil.
With a more favourable exchange rate, Chinese plywood has managed to make
inroads in the international market at more competitive prices. Producers
obtain definitive CE Marking Through an agreement between the National Wood Quality
Program (PNQM), developed by the Brazilian Association of
Mechanically-Processed Wood (ABIMCI) and BM Trada certifier, three
additional solid wood companies have been certified with the CE Marking
for plywood for structural use. These companies, together with four others
already certified, are located in Southern Brazil and produce coniferous
plywood. The certification has become a requirement for companies
exporting plywood for structural use to EU countries. Eleven other
companies are under the certification process and have successfully
completed the initial test phase.
The USA accepts petition on softwood plywood program will have on US industries. The ITC will hold hearings and
has set dates for the submission of notices and briefs. MALAYSIA
GHANA The
Forestry Commission of Ghana has evaluated and approved a contract for a
new product called ¡®buttress sliced¡¯ veneer. The product, which is
produced from the buttress of a tree, will be traded by Primewood Products
Limited, a sliced‑veneer company in Takoradi. The trial contract
volume was 5 m3 (8,000 m2) with a price offer of
€2/ m2.
The above prices are for full sized panels, falling
sizes minus 15%. Thickness below 1mm would attract a 5% premium.
Grade
AB/BB would attract a premium of 5%. BB/BB would be 5% less, C/CC 10% less
and CC/CC 15% less. PERU
Domestic
Plywood and Veneer Prices BRAZIL
MALAYSIA
PERU
Other
Panel Product Prices BRAZIL
MALAYSIA
The
supply of chipboard and other composite panels are reported to be
sufficient. However, domestic prices are reported to be quite weak. This
is particularly the case for chipboards. Prices for this product have been
on the downward trend recently. PERU
Prices
of Added Value Products MALAYSIA
GHANA
Grade 2 less 5%, Grade 3 less 10%. PERU Peruvian
technical mission to Brazil Peruvian
exporters and government officials made several technical visits to Brazil
between 2004 and 2005 in order to draw lessons from some of the most
modern Brazilian timber industries. The Peruvian Government, through the
Industry Ministry (PRODUCE), the International Trade Ministry (PROMPEX)
and the National Exporters Association (ADEX), is developing a working
plan for the restructuring of the national timber industry in 2006 which
incorporates some of the lessons learnt. The
private sector has highlighted the need for the working plan to include
the identification of export markets (particularly in Central America and
Europe), the re-organization and re-implementation of technological
instruction centres, technological support for the added‑value
industry and responsibility with respect to the use of natural resources. The
technical mission is the first part of a plan to improve the national
timber and wood products sector. In previous missions, companies visited
were related to sawnwood, plywood, flooring (friezes and deckings) and
furniture production. First National Wood
Convention held in Iquitos
Tropical Forest Consultores and the National Exporters Association (ADEX)
held the ¡°First National Wood Convention¡± in Iquitos, northern Peru in
July 2005. The purpose of the convention attended by representatives from
the wood industry, the government and environmental NGOs was to draw up a
strategic plan for the country¡¯s forestry sector policy.
The plan constitutes a proposal for the political and economic
agenda of the next governments that could contribute to the development of
the country. Rafael Tolmos, President of the Wood Committee of ADEX,
indicated that the timber industry was working very hard to reduce
sawnwood exports to supply the added‑value export industry. A side workshop on the Peruvian wood productive chain
was conducted and presided by the Vice‑minister of Production,
Antonio Castillo Garay. The workshop conclusions and proposals were
included in a document delivered to the Ministers for consideration in the
current and future development of government policies.
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Source: ITTO'
Tropical Timber Market Report | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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