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International
Plywood and Veneer Prices | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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1. International Plywood and Veneer Prices
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. MALAYSIA
INDONESIA
BRAZIL Brazil¡¯s tropical ply exports continue to decline Brazilian solid-wood products exports reached $2,512 million in January-October 2005, up only 0.6% from the same period in 2004. October exports amounted to $245.37 million, a 7.3% contraction from the same month last year. Exports of pine plywood, a major export product,were 189,000 m3 ($51.7 million) in October, up 8.5% from the same month in 2004. Tropical plywood, in contrast, continued to decline,contracting 51% to 38,900 m3 (down 48.7% to $15.7 million in value) in October 2005. Tropical plywood exports have been gradually substituted by pine plywood exports. Pine lumber exports fell 15.1% to 129,900 m3 in October 2005 (down 11.5% to $21.6 million in value), while tropical lumber exports recovered 2.4% to 144,200 m3 (up 20% to $51.5 million in value) compared to October 2004. Furniture exports fell to $68.5 million in October, down 13.8% from October last year. Losses in plywood exports at around $20 million According to ABIMCI (Brazilian Association of Mechanically Processed Wood), plywood exporters face financial losses of almost $10 million since last July, while the cumulative losses for the year may double that value. The situation is a result primarily of the depreciation of the US dollar. Moreover, the USA started applying an 8% duty on imports of Brazilian plywood in mid-2005 after exports of this product exceeded the established quote under the GSP tariff system. However, Brazilian producers think that the quota was exceeded due exclusively to the huge US demand in the first quarter of 2004. ABIMCI requested the Brazilian Presidency and the Minister of Development, Industry and Foreign Trade to take action in order to change the US decision. According to the association, the duty can cause the closing of many companies in the sector that have already been suffered from the low US dollar, mainly in the Southern States of Paran¨¢ and Santa Catarina. Efforts to eliminate this duty are now under way in Brazil, more specifically with actions taken by a pine plywood company located in the State of Paran¨¢. The company has presented an action against the taxation at the US International Trading Commission (ITC). Most of the company¡¯s production is aimed at the US plywood market. ¡¡
PERU
2. Domestic Plywood and Veneer Prices
MALAYSIA
INDONESIA
Domestic prices include taxes and may be subject to discounts.
3. Other Panel Product Prices MALAYSIA
INDONESIA
BRAZIL
PERU
4. Prices of Added Value Products GHANA
Grade 2 less 5%, Grade 3 less 10%.
MALAYSIA UAE is Malaysia¡¯s largest market in the M. East Malaysia exported timber products worth $30.9 million to the UAE in the first quarter of 2005. Overall exports to the UAE are expected to register strong growth during the current year.Malaysia¡¯s export of timber products to UAE was worth $130.2 million in 2004, which accounted for 39% of its timber products exports to the Middle East. Main items exported to UAE during 2004 were sawntimber ($17.94 million), MDF ($29.50 million), plywood ($18.46 million) and wooden/rattan furniture ($63.13 million). The UAE is the largest export market for Malaysian timber products and furniture in the Middle East. It is anticipated that there will be an increased demand for building materials in the UAE in coming months, spurred by numerous infrastructure and building projects currently underway as well as those planned over the next few years. Demand for wood-based products and furniture is expected to rise rapid ly.
INDONESIA
BRAZIL
PERU
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Source:ITTO'
Tropical Timber Market Report
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