03 wooden picture frame

Timber product growth to slow

by:Vitalucks      2020-06-05
Post Growth 6. 5% to RM22.
In 2015, exports of timber and timber products in Malaysia are expected to be flat this year as ringgit stabilized and shortages of labor and raw materials put pressure on the industry.
He Hua Fu reported.
Due to the weakness of ringgit and the decline in freight costs, the performance of the wood products industry last year may not repeat itself this year (
What must be paid by Malaysian exporters)
According to the new statement, it is likely that it has bottomed out
Elected Chairman of the Association of timber exporters of Malaysia (TEAM).
Last year, Malaysia exported 2 yuan worth of timber and timber products.
14 Bil, an increase of 6. 5% over RM20.
According to the latest statistics from the timber Commission of Malaysia, there were 79 bil in 2014. The SME-
The dominant industry, including the export of sawwood, plywood, rattan and wooden furniture, earned a net profit of 19 yuan. 5bil in 2013.
Lee leh Yew, the new team leader, told SMEBiz that there were two positive factors in the industry last year --
That is to say, money and freight
There is a tapered closure.
\"Last year was a good year for our industry because the dollar was strong and the freight was falling.
But this year, ringgit has stabilized and there is little room for freight to drop.
Therefore, the overall market growth this year may be stable . \"
As timber products were sold in US dollars on the international market, ringgit fell by about 20% last year, boosting exports.
Sharp decline in ringgit visa-
Li added that the US dollar makes Malaysian timber products more competitive in the international market.
In terms of demand, a new factor emerged last year.
With the construction of temporary shelters for millions of war refugees, demand for Malaysian sawwood from Europe is strongertorn Syria.
Some industry insiders said that European demand, which grew 15% last year, may continue to grow 20% this year, as Malaysian timber products have a high market share.
Still, Lee believes that a shortage of labor and a reduction in wood resources may limit growth in the industry.
Therefore, he does not encourage small and medium-sized enterprises (SMEs)
No experience in this export industryled sector.
\"Our manufacturers complain about the labor shortage caused by Malaysia\'s uncertain labor policies.
Due to this and the fierce competition between existing players, I don\'t encourage new players to enter the industry now, even if there is a demand, \"Li said.
In fact, Datuk Wee jek Seng of the Malaysian Timber Association, composed of industry participants, said in a recent interview with the Oriental Daily that due to the transformation of the Chinese government, local furniture companies have rejected many new orders from overseas importers
The failure of Labor policy and the sharp rise in foreign labor taxes.
Furniture industry, labor force
Intensive industries are facing a shortage of 28,000 workers, Wee added.
\"Even if this is a good time for the industry to make more money, the labor issue may negate this opportunity,\" he noted . \".
On March 18, the Ministry of Interior announced a new tax rate of Rs 850 for manufacturing, construction and services
RM600 higher than the previous interest rate.
At the end of January, the Ministry of Interior announced a new interest rate of Rs 500, but it was withdrawn after widespread protests by industry participants and trade groups.
So far, interest rates have been stable in March 18.
India imports RMB 1 yuan.
Last year\'s £ 89 worth of furniture was considered a growing market and MTC will set up an office in the subsidiarycontinent.
MTC currently has offices in London, Dubai and China.
Due to the quality of Malaysian timber products, even China --
Malaysia\'s strong rivals at low levels
Export of furniture and plywood-
Keen to import Malaysian products.
Malaysia is currently the world\'s eighth largest furniture exporter and the third largest furniture exporter in Asia.
Its furniture products are exported to more than 160 countries.
According to official data, the United States remains Malaysia\'s largest furniture export destination, accounting for 30% of total furniture exports.
Japan, Singapore, Australia and the UK followed suit.
Long term Government
Deadline target under national timber industry policy (NATIP)
By 2020, the export of wood and wood products will be realized, worth RMB.
In this figure, exports of furniture products are expected to reach a record RM16bil from RM8bil in 2014.
The government is urging the furniture industry to shift from the original equipment manufacturing industry (OEM)
Original design and manufacturing (ODM)
Original brand manufacturing (OBM).
At present, the number of ODM and OBM components in the furniture industry is 53% pieces.
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