Malaysia: Export value begins to slacken off

27.12.2016 − 

Exports of timber products of the Malaysian timber industry deteriorated in the third quarter. The Malaysian Timber Industry Board (MTIB) recorded a 4% increase in the first half of 2016 but for the period from January-September, at MYR16.220bn, the value was at the same level as in the preceding year. In addition to plywood, the deterioration is particularly due to roundwood. The decline concerning roundwood exports, following -11% in the first half of the year, therefore now amounts to -20% with an export value of MYR1.276bn.

The export values of other products relevant to Malaysia’s timber industry were still above the level of the preceding year by the end of September. The rate of increase, however, declined by comparison with the first half of the year. MTIB therefore calculated an export increase of 5% to MYR5.465bn for wood furniture until the end of September; after the first six months of the year there was still an increase of 11%. The situation is similar in relation to other lumber exports.

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