Export of Malaysia timber poised for recovery in 2010
Export of Malaysia timber poised for recovery in 2010
Emerging Markets Direct (EMD) released their latest Malaysia Timber Industry Report 1H2011. The global financial crisis slows the timber industry in Malaysia. In 2009, the timber industry had experienced its worst performance ever over the last six years, export decreased 14.48% as compared with 2008. The year also saw the first double digit decline in the growth rate of export receipts of timber products since 2001. Having said that, the demand from major markets is picking up in 2010, especially from traditional markets such as the U.S. and the European Union, export of timber and timber products are expected to flourish in line with the global economic recovery.
In the Malaysia timber industry, more than 3,900 mills are in operation out of which 80% of the companies are small and medium-sized enterprises (SMEs). The production of all types of timber products declined as demand was severely hit by the global financial crisis. Total production of the timber industry dropped from 25.83 in 2008 to 22.96 million cubic metres in 2009. Global demand for Malaysian logs and sawn timber recorded the lowest contractions, down 8.52% and 12.32% respectively. As the largest exporter of tropical logs,plywood,veneer and mouldings, Malaysia saw a 14.48% y-o-y drop in export earnings of timber products in 2009. Domestically, consumption for timber products dropped from 18.6 million cubic metres in 2007 to 15.52 million cubic metres in 2008.
The timber industry is indispensable to the economic development of Malaysia and vital to the economic returns to the country. Facing stiff challenges posed by Chinese downstream timber products, substitution of softwood logs for tropical hardwood logs and anti-dumping duties leveraged on Malaysian plywood in Korea, the Malaysian government aims to transform the timber industry into the manufacture of high value-added products and services and poised to achieve export earnings of RM 53.0 billion per year by 2020, majority derived from wooden and composite furniture products, engineered wood and panel products.
To stimulate the growth of timber industry, attractive packages with short-term and long-term fiscal incentives and tax exemptions for new and additional investments has been offered. Moreover, The Malaysia Timber Council together with the Malaysian Timber Industry Board, the Sarawak Timber Industry Development Corporation and the Timber Association of Sabah are in full force to promote the use of Malaysian timber products.
What are the trends and outlook of Malaysia timber industry? Which is the blooming sector with the industry? What are the rules and regulations in Timber industry? What are the sustainable forest management policies?
The answers are here in our latest in our latest number. Complete with full analysis (SWOT analysis) of key industry players of Malaysia Timber Industry including:
-Ta Ann holdings Berhad
-Jaya Tiasa Holdings Berhad
-Lingui Development Berhad
-WTK Holdings Berhad
-Subur Tiasa Berhad
Profit now from our Malaysia Timber Industry Report:
http://www.emergingmarketsdirect.com/products/Malaysia-Timber-Industry.html
Table of Content
1. Industry Profile
1.1 Industry Overview
1.2 Industry Performance
1.2.1 Saw Logs
1.2.2 Sawn Timber
1.2.3 Plywood
1.2.4 Veneer
1.2.5 Wood Mouldings and Builder Carpentry and Joinery (BCJ)
1.2.6 Particleboard
1.2.7 Medium Density Fiberboard (MDF)
1.2.8 Wooden Furniture
1.3 Rules and Regulations in Timber Industry
1.3.1 Forest Management
1.3.2 Forest Plantation
1.4 Incentives for Investment
2. Market Trends and Outlook
2.1 Recent Trends
2.2 Domestic Consumption
2.3 Export Market
2.4 Import Market
2.5 Investment
2.6 Prices
2.7 Market Outlook
3.1 Major Players
3.1.1 Ta Ann Holdings Berhad
3.1.2 Jaya Tiasa Holdings Berhad
3.1.3 Lingui Development Berhad
3.1.4 WTK Holdings Berhad
3.1.5 Subur Tiasa Berhad
3.2 Comparative Matrix
3.3 SWOT Analysis
4. Tables & Charts
Table 1: Wood Processing Mills in Malaysia
Table 2: Total Employment and Labour Cost in Selected Timber Industry 2008-2009
Table 3: Key Indicators of Timber Industry Performance 2004-2009
Table 4: Production of Timber Industry (cubic metre th) 2005-2009
Table 5: Major Export Markets by Products
Table 6: Comparison of Major Timber Prices
Table 7: Ta Ann: Revenue Contribution by Division 2008-2009
Table 8: Ta Ann: Profit Before Tax Contribution by Division (RM th) 2008-2009
Table 9: Ta Ann: Operational Data 2008-2009
Table 10: Jaya Tiasa: Annual Production Capacity 2006-2010
Table 11: Lingui Financial Highlights 2006-2010
Table 12: Subur Tiasa Financial Highlights 2006-2010
Table 13: Financial Highlights of the Leading Players
Chart 1: Production Index of Timber Industry (2005=100) 2005-2009
Chart 2: Domestic Consumption of Timber Products 2005-2008
Chart 3: Manufacturing Sales of Timber Products 2008-2009
Chart 4: Exports of Major Timber Products in 2008
Chart 5: Exports of Major Timber Products in 2009
Chart 6: Import of Timber 2005-2008
Chart 7: Investment of Timber Industry in 2009
Chart 8: Investment Approved in Timber Industry 2004-2009
Chart 9: Ta Ann: Production by Division 2008-2009
Chart 10: Ta Ann: Sales Volume by Division 2008-2009
Chart 11: Jaya Tiasa's Export Sales 2008-2010
Chart 12: Lingui: Revenue Breakdown by Segments 2009-2010
Chart 13: Subur Tiasa: Export Volume 2006-2010
Chart 14: Subur Tiasa: Export Value 2006-2010
About Emerging Markets Direct
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