International Plywood and Veneer Prices -- 01-15th February 2011

International Plywood and Veneer Prices

01-15th February 2011

1. Ghana

2. Malaysia

3. Indonesia

4. India

5. Brazil

6. Peru

7. Guyana

Related News:

International Plywood & Veneer Prices (16-31,Jan 2010)
International Plywood & Veneer Prices (01-15,Jan 2011)
International Plywood & Veneer Prices (01-15,Dec 2010)

Abbreviations

LM Loyale Merchant, a grade of log parcel	Cu.m Cubic Metre
QS Qualite Superieure	Koku 0.278 Cu.m or 120BF
CI Choix Industriel	FFR French Franc
CE Choix Economique	SQ Sawmill Quality
CS Choix Supplimentaire	SSQ Select Sawmill Quality
FOB Free-on-Board	FAS Sawnwood Grade First and
KD Kiln Dry	Second
AD Air Dry	WBP Water and Boil Proof
Boule A Log Sawn Through and Through	MR Moisture Resistant
the boards from one log are bundled	pc per piece
together	ea each
BB/CC Grade B faced and Grade C backed	MBF 1000 Board Feet
Plywood	MDF Medium Density Fibreboard
BF Board Foot	F.CFA CFA Franc
Sq.Ft Square Foot	Price has moved up or down

Source:ITTO' Tropical Timber Market Report

Timber exports plunged in November 2010
The Export Association of Peru (ADEX) has reported that
the value of wood product exports in November 2010 was
US$12.2 million, down 29% from US$17.3 million
recorded in November 2009. However, wood product
exports from January to November 2010 totalled
US$154.1 million compared to US$135.7 million in the
same period of 2009, an increase of 13.2%.

In November 2010, the three biggest importers were
China, Mexico and the US which together accounted for
89% of the total export value. Columbia increased its
imports of sawnwood and plywood while Puerto Rico
imported more plywood compared to the previous year. In
contrast, Spain and Italy reduced their wood product
imports sharply from the previous year, by 72% and 57%
respectively.

Export performance by product categories
The main exported items in November 2010 were semimanufactured
products with a 46% share of the total
export volume. The accumulated exports from the
beginning of 2010 totalled US$69.8 million, a hefty 22%
jump from exports during the same period in 2009.

Semi-manufactured products were exported mainly to
China which accounted for 78% of the total accumulated
exports from the beginning of 2010. Sweden and Israel
substantially increased their imports for semimanufactured
products in November 2010.

Sawnwood exports made up 34% of the total exports. The
accumulated sawnwood exports from the beginning of
2010 totalled US$52.6 million, up 7% over the same
period in the previous year. The main destination was
China with a 35% share of the total sawnwood exports.
Sawnwood exports have reportedly declined towards the
end of the year 2010.

Accumulated veneer and plywood exports from the
beginning of 2010 were valued at US$14.5 million in
November 2010, an increase of 5% over the same period
in the previous year. Veneer and plywood are exported
mainly to Mexico which accounted for 94% of total
exports.

In contrast, from the beginning of 2010 there has been a
11% drop in furniture exports compared to the same
period in the previous year. The total value of furniture
and furniture parts exports for the period was US$6.1
million. The US is the main market for furniture and its
parts accounting for 54% of the total exports. The US and
Chile have reduced imports by 55% and 23% respectively
from the beginning of 2010.

Slight improvement in log export prices
During the period under review, there were no exports of
greenheart logs which was one of the main species used in
domestic value-added production. Prices of purpleheart
logs remained stable while mora log prices gained
marginally during this fortnight period.

For sawnwood, undressed greenheart prices advanced to
US$742–US$806 per cu.m in select quality. There were
some exports of undressed purpleheart at favourable prices
during the period under review. Undressed mora prices hit
US$573 per cu.m in select quality while prices in sound
and merchantable qualities held steady. Prices for dressed
greenheart were slightly down from the previous fortnight
while dressed purpleheart prices increased to US$784–
US$848 per cu.m. Guyana’s Washiba (Ipe) continues to be
in demand in the international markets, attracting a high
average price of US$US1,950 per cu.m for this fortnight
period. There is no export of baromalli plywood due to the
recent closure of the major plywood mill in Guyana.

Splitwood (Wallaba shingles) prices remained favourable
at US$875 per cu.m. Greenheart pile prices fetched
US$403 per cu.m, with Europe being the major
destination.

For the period under review, exports of value-added
products made a significant contribution to the total export
earnings. These products made of both Guyana’s
commercialised and lesser-used-species were mainly
exported to the Caribbean market.

Surging log exports prop up earnings in 2010
The total exports of forest products from Guyana in 2010
were valued at US$49 million, up 7.89% compared to
2009. However, only exports of logs showed a sharp
increase of 68.6%, from US$10 million recorded in 2009
to US$17 million in 2010. The total export volume of logs
also soared 78.3% compared to 2009.

Sawnwood made the largest contribution to the total
export earnings in 2010 with US$24.5 million, down 5.4%
from US$23.1 million in 2009. In terms of volume, the
drop was 12.7%.

The value of plywood exports in 2010 was US$3.7
million, down 10.9% compared to 2009, while exports of
round and fuelwood were US$2 million (+6.0%),
splitwood US$1.6 million (-36.3%), and value-added
products US$1.4 million (-39.7%).

According to the Guyana Forest Products Development
and Marketing Council, the drop in sawnwood exports was
due to increased demand of sawnwood in the domestic
market. The Government of Guyana is supporting housing
for small and middle income families by developing
several new housing areas which has resulted in a housing
boom in Guyana that is expected to continue in 2011.