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International Plywood and Veneer Prices 

1-15th January 2005

International Plywood and Veneer Prices 


Plywood (export, FOB)

MR,               per Cu.m

Grade BB/CC

2.7mm                  US$350-355

3mm                     US$305-315

6mm                    US$280-285


Brazilian Plywood and Veneer  

Brazilian timber shipments to the US remained stable in December. Currently, the EU market is more attractive to Brazilian producers, especially with the new 2005 quotas, particularly in the case of plywood. 

Pine plywood prices saw a strong rebound in Europe after a short period of dramatic declines. The reasons for the plywood price recovery are linked to the reduction of Brazilian production volumes, a drop in Chinese plywood exports to the EU and the new EU quotas.  

Pine plywood exports rose 57% compared to the January-November period of 2003 and this year's exports jumped to US$ 518.3 million. Similar impressive gains were seen for tropical plywood where exports in the first eleven months of 2004 reached US$340.7 million up 55% over the same period of last year (US$ 219.2 million).

FOB Belem/Paranagua Ports

Veneer FOB         per Cu.m

White Virola Face

2.5mm                  US$210

Pine Veneer (C/D)       US$140


Plywood FOB                     per Cu.m

White Virola (US Market)

 5.2mm OV2 (MR)             US$320

 15mm BB/CC (MR)             US$280

For Caribbean countries

White Virola

4mm                            US$400

12mm                          US$310


Pine EU market              per Cu.m

9mm C/CC (WBP)       US$250

15mm C/CC (WBP)       US$240

18mm C/CC (WBP)       US$235

2004 has definitely been one of the best for the Brazilian forest based industry. Not only the forest sector seems to be gaining attention as an important economic activity to the country's GNP but also forest products from Brazil have been showing rising levels of quality, performance and acceptance worldwide.  

Exports of Brazilian forest products in 2004 are likely to reach highs never seen before. Pine plywood has been the main exported forest product, having led the "Brazilian-made" trade mark to gain important markets around the globe.  

Based on recently released data from the Brazilian Ministry of Development, projections show that the total exports of pine plywood will reach approximately 1.9 cubic metres in 2004, up 26% in relation to 2003 exports. This will result in earnings estimated at US$518 million, 50.5% higher than 2003 and certainly a breakthrough for  Brazilian producers.  

As for tropical plywood, 2004 was also a good year as well. Projections point to total export revenues from tropical plywood at around US$372 million for 2004. In relation to the total exported in 2003, this projections represent an increase of 51%. 

Malaysian Plywood 

MR Grade BB/CC FOB       per Cu.m

2.7mm                  US$355-360

3mm                     US$320-325

9mm plus              US$285-295

Domestic plywood

3mm                     US$370-380

12-18mm              US$285-290



Except for Ceiba, prices for core ply have been increased.

Rotary Veneer       Core              Face      

              1-1.9mm       below 2mm

                               Euro per Cu.m

Bombax,        325            360

Chenchen,        325             360

Kyere,           325             360

Ofram,           325             360

Ogea,            325             360

Otie,              325             360

Ceiba             265             300

Mahogany       425             460

The above prices are for full sized panels, falling sizes minus 15%.  

Core Grade 2mm+            per Cu.m

Ceiba                           US$230

Chenchen, Ogea,

Ofram,                        US$295


Sliced Veneer 

Prices for some species have increased

                           Euro per Sq.m                  

              Face       Backing

Afromosia       1.19 1.00

Asanfina 1.25       0.80

Avodire  0.92       0.60

Chenchen       0.72 0.50

Mahogany       1.03 0.70

Makore          1.01 0.60

Odum            1.54 0.95


Plywood Prices FOB

Redwoods B/BB     

                               Euro per Cu.m

                          WBP             MR

4mm              560         460

6mm              340         310

9mm              315         290

12mm            300         280

15mm            310         285

18mm            300         275

Light Woods B/BB     

              WBP              MR

4mm              500         330

6mm              335         270

9mm              290         255

12mm            270         235

15mm            280         245

18mm            245         235

Grade AB/BB would attract a premium of 5%. BB/BB would be 5% less, C/CC would be 10% less and CC/CC would be 15% less.  


FOB For Mexican Market   per Cu.m

Copaiba plywood,

two faces sanded,

B/C, 15x4x8mm                US$345-350

Virola plywood,

two faces sanded,

b/c, 5.2mmx4x8                          US$390-400

Lupuna plywood, treated,

two faces sanded, for Mexico

5.2mmx4x8                   US$335-340

Lupuna plywood, b/c

15mmx4x8                    US$315-320

b/c, 9mmx4x8                US$325-330

b/c, 12mmx4x8                            US$320-330

c/c 4mmx8x4                      US$340-360


Veneer Prices  

FOB                    per Cu.m

Lupuna 2.5mm              US$210-215

Lupuna 4.2mm              US$220-230

Lupuna 1.5mm               US$235-240


Domestic Plywood Prices  


Rotary Cut Veneer 

(ex-mill Northern Mill)              per Cu.m

White Virola Face              US$156

White Virola Core              US$126



(ex-mill Southern Mill)      

Grade MR                   per Cu.m

4mm White Virola            US$504

15mm     White Virola            US$365



Domestic MR plywood

(Jarkarta)              per Cu.m

9mm                     US$285-290

12mm                   US$265-275

15mm                   US$260-275



                                                   per Cu.m

Lupuna Plywood

122 x 244 x 4mm BB/CC       US$452

122 x 244 x 6mm BB/CC       US$444

122 x 244 x 8mm BB/CC       US$430

122 x 244 x 10mm BB/CC       US$419

122 x 244 x 12mm BB/CC       US$417

122 x 244 x 15mm BB/CC       US$418

122 x 244 x 18mm BB/CC       US$414


Other Panel Product Prices  


The Brazilian wood panel industry wants to try and block panel imports from Argentina because, they say, industries there are dumping products. Under the umbrella of the Brazilian Association of Wood Panel Industry (ABIPA), five large Brazilian reconstituted panel industries filed a lawsuit with the Ministry of Development, Industry and Trade (MDIC) against Argentine imports of MDF and particleboard covered with melamine paper. Both items are widely used by the Brazilian furniture industry.  

In the lawsuit, the Brazilian industries claim that the low prices of the Argentine products are causing financial losses. According to ABIPA vice-president, a 42.8% dumping margin has been verified.

At the same time, Brazilian industries registered a drop in sales of 4%. If the Brazilian government confirms the dumping claim, tariff barriers may be imposed on the Argentine products.  

The accused companies claim that they are following the commercial practices established by Mercosul and deny dumping their exports.  

The main Argentine argument is that the exported volumes do not interfere with the participation of Brazilian producers in the market and that an eventual blocking might lead to a shortage of raw material for the furniture industry in Brazil.

This is actually the only concern expressed by the furniture industry, which could be forced to make new price adjustments in 2005.

FOB Belem/Paranagua Ports

Export Prices

Blockboard 18mm     B/C       per Cu.m

Pine                      US$335


Domestic Prices

Ex-mill Southern Region    per Cu.m


15mm White Virola Faced       US$334


Particleboard (ex-factory)

15mm                          US$200



Other Panels         per Cu.m

Export Particleboard FOB

9-18mm         US$140-150


Domestic Particleboard

9mm                     US$150-160

12-15mm              US$140-145

18mm                   US$135-140


MDF Export (FOB)

12-18mm              US$195-200


MDF Domestic

12-18mm              US$200-215



Particleboard (FOB)   

Export           per Cu.m

12mm & above              US$155-165



12mm & above       US$155-175


MDF (FOB)         per Cu.m

Export 18-22mm       US$210-255


Domestic Price

12-18mm              US$210-220


Domestic Particleboard Prices

Domestic              per Cu.m

1.83m x 2.44m x 4mm       US$293

1.83m x 2.44m x 6mm       US$247

1.83m x 2.44m x 8mm       US$219

1.83m x 2.44m x 9mm       US$227

1.83m x 2.44m x 12mm       US$210


Prices of Added Value Products  


Mouldings             per Cu.m

Laminated Boards          

Falkata wood        US$295-305

Red Meranti Mouldings

11x68/92mm x 7ft up     

Grade A       US$610-630

Grade B       US$515-525



Mouldings (FOB)    per Cu.m

Selagan Batu Decking       US$565-570

Red Meranti Mouldings

11x68/92mm x 7ft up     

Grade A       US$630-635

Grade B       US$525-530


Prices have remained stable since June 2004  

Parquet Flooring 1st Grade


FOB             Euro per Sq.m

Apa        12.0

Odum            7.8

Hyedua          13.67

Afromosia       13.72


Apa        14.47

Odum            10.18

Hyedua          18.22

Afromosia       13.93


Apa        17.00

Odum            11.00

Hyedua          17.82

Afromosia       17.82


Apa        10.99

Odum            8.50

Hyedua          13.65

Afromosia       12.59

Grade 2 less 5%, Grade 3 less 10%  


Strips  for parquet   FOB per Cu.m

Cabre uva KD S4S

Asian Market        US$1200-1220

Cumaru KD, S4S,

(Swedish Market)       US$630-645

Cumaru KD, S4S,

(Asian Market)              US$555-585

Cumaru decking, AD,

S4S E4S USA market       US$620-642

Pumaquiro KD # 1, C&B

(Mexican market)       US$465-480

Quinilla KD 12%, S4S


 (Asian market)              US$560-575



LM       Loyale Merchant, a grade of log parcel  Cu.m         Cubic Metre
QS        Qualite Superieure    Koku         0.278 Cu.m or 120BF
CI          Choix Industriel                                                       FFR           French Franc
CE         Choix Economique                                                        SQ              Sawmill Quality
CS         Choix Supplimentaire      SSQ            Select Sawmill Quality
FOB      Free-on-Board     FAS            Sawnwood Grade First and
KD        Kiln Dry                               Second 
AD        Air Dry        WBP           Water and Boil Proof
Boule    A Log Sawn Through and Through MR              Moisture Resistant
              the boards from one log are bundled                      pc         per piece      
              together                      ea                each      
BB/CC  Grade B faced and Grade C backed MBF           1000 Board Feet          
              Plywood   MDF           Medium Density Fibreboard
BF        Board Foot F.CFA         CFA Franc        
Sq.Ft     Square Foot              Price has moved up or down

Source: ITTO

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