Malaysia: Strengthening ringgit hist furniture exports
With the Malaysian ringgit strengthening against most major currencies, including the US dollar, the Euro and Sterling, a decline in furniture exports in the current year is being forecast.
Exports of Malaysian furniture are expected to decline by up to 15%, from RM7.95 billion in 2010 to RM6.8 billion for 2011. This decline would be the worst in the past 3 years.
The Malaysia Furniture Entrepreneur Association (MFEA) reported that exports by its members had declined from RM1.97 billion in the first quarter 2010 to RM1.66 billion in the first quarter of 2011. Exports for the second quarter are expected to come in below RM1.98 billion.
v For the Japanese furniture market, exports registered a 12% decline to RM166 million for the first quarter 2011 compared to RM186 million for the first quarter 2010. Japan was the second largest market for MFEA members in 2010, with exports valued at RM709 million out of a total of RM7.95 billion for the year.
Global WoodMart - one-stop centre for buyers and suppliers
The Malaysian Timber Council (MTC) expects that its Global WoodMart (MGW) 2012 exhibition will showcase timber and timber products from both tropical and temperate countries. MTC added that MGW 2012 will act as a one-stop centre for both buyers and suppliers of timber and timber products.
Official partner organizations of MGW 2012 are the American Hardwood Export Council (AHEC) and FrenchTimber. AHEC has been active in the Asian markets for many years but FrenchTimber is a relative newcomer.
FrenchTimber was formed in 2001 at the initiative of the “Fédération Nationale du Bois” and a group of French sawmills and it pursues two main goals :
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Exports of Malaysian furniture are expected to decline by up to 15%, from RM7.95 billion in 2010 to RM6.8 billion for 2011. This decline would be the worst in the past 3 years.
The Malaysia Furniture Entrepreneur Association (MFEA) reported that exports by its members had declined from RM1.97 billion in the first quarter 2010 to RM1.66 billion in the first quarter of 2011. Exports for the second quarter are expected to come in below RM1.98 billion.
v For the Japanese furniture market, exports registered a 12% decline to RM166 million for the first quarter 2011 compared to RM186 million for the first quarter 2010. Japan was the second largest market for MFEA members in 2010, with exports valued at RM709 million out of a total of RM7.95 billion for the year.
Global WoodMart - one-stop centre for buyers and suppliers
The Malaysian Timber Council (MTC) expects that its Global WoodMart (MGW) 2012 exhibition will showcase timber and timber products from both tropical and temperate countries. MTC added that MGW 2012 will act as a one-stop centre for both buyers and suppliers of timber and timber products.
Official partner organizations of MGW 2012 are the American Hardwood Export Council (AHEC) and FrenchTimber. AHEC has been active in the Asian markets for many years but FrenchTimber is a relative newcomer.
FrenchTimber was formed in 2001 at the initiative of the “Fédération Nationale du Bois” and a group of French sawmills and it pursues two main goals :
Read More