TOUGH TIME FOR PLYWOOD MANUFACTURERS IN MALAYSIA 11-03-2020
Malaysian plywood manufacturers have lost market share in Japan, their key export market, due to stiff competition from Indonesian suppliers and the sharp increase in local production of plywood from domestic softwood resources.
Statistics from the Sarawak Timber Industry Development Corp. (STIDC) reveal that Sarawak plywood export volumes fell to about 1.12 million cubic metres, worth RM2.26 bil (FOB), in 2019 from 1.43 million cubic metres (RM3.03 bil) in 2018 and 1.74 million cubic metres (RM3.27 bil) in 2017.
Despite the drop in sales, in 2019 Japan was the top buyer of Sarawak plywood absorbing 733,051 cubic metres (RM1.59 bil) or more than 70 per cent of the state’s total plywood exports. Sarawak log export volumes dropped to 1.29 million cubic metres worth RM722.2mil in 2019 against 1.42 million cubic metres valued at RM773 mil in 2018.
On China flood , seems Thailand and Indonesia will be most benefited .
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Sarawak losing wood market share to Indonesia, WTK says
BUSINESS Tuesday, 09 Jun 2020

KUCHING: Sarawak is gradually losing its logs and plywood market shares in key India and Japan markets as it could not compete with Indonesia and some other Asean timber producing countries. According to WTK HOLDINGS BHD
, Indonesia and other Asean countries have competitive edge over Sarawak because of favourable policies and strong government support they have received.
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Below are the 15 countries that exported the highest dollar value worth of sawn wood during 2019.
1. Canada: US$6.4 billion (17.4% of sawn wood exports) 2. Russia: $4.5 billion (12.3%) 3. Sweden: $3 billion (8.3%) 4. United States: $2.8 billion (7.7%) 5. Germany: $2.3 billion (6.3%) 6. Finland: $1.9 billion (5.3%) 7. Austria: $1.6 billion (4.4%) 8. Thailand: $955.9 million (2.6%) 9. Malaysia: $814.6 million (2.2%) 10. Chile: $788.7 million (2.2%) 11. Latvia: $747.4 million (2%) 12. Brazil: $701 million (1.9%) 13. Ukraine: $619.5 million (1.7%) 14. Belgium: $606.3 million (1.7%) 15. New Zealand: $571.7 million (1.6%)
i expect the operators to dump one more round . when the cpo price going to soft down abit . this rally cpo price up too fast will do some correction before 2nd wave rally .
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mikecyc
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Posted by Mikecyc > 2020-10-25 21:59 |
Post removed.Why?