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March 27, 2019

Japan to import less Malaysian plywood due to rising prices

Japan to import less Malaysian plywood due to rising prices

Japan expects its imported volume of plywood from Malaysia to further decline this year because of increasing prices. Malaysia, the single largest plywood exporter to Japan, shipped about 1.06 million cu m to that country in 2018, which was a drop of 10.8 percent from 2017.

But Japan has imported more plywood from Indonesia, an increase of 11.4 percent to 977,500 cu m in 2018 from 2017. Year-on-year, China recorded a 1.9 percent decline in its plywood exports to Japan at 642,000 cu m

“Indonesian supply was over 900,000 cu m after two years while Malaysian supply was less than 1,100,00 cu m.

“Because of high export prices by supplying countries, total volume of imported plywood will drop this year,”

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