Malaysia’s plywood exports to Japan was down to 399,500 cubic metres in 1H20 from 462,200 cubic metres in 1H19 or decline by about 13.5%, according to Japan Finance Ministry’s data.(Malaysian plywood being tested before export. - File pic)
KUCHING: Malaysian plywood manufacturers’ exports of panel products to their key market in Japan have been hit hard by the drastic cut in imports by the Japanese buyers.
Adding to the weak export demand is the soft prices of plywood products which have hurt the bottom line of Malaysian suppliers.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
