Scarcity of containers leads to the biggest challenge for the entire wood and decorative panel Industry of India. It has been reported to create a ruckus like situation because the Indian wood and panel industry is majorly dependent on import of its different kinds of raw materials, resulting in the prices of finished products have been becoming higher every day and it has also affected the capacity utilisations.
As per report, the Indian Manufacturing sector such as Decorative Laminates, PVC Boards, PVC Laminates, Aluminium Composite panels, Doors, Furniture, Timber industry etc are not able to utilize its more than 50 percent capacity because non-availability of raw materials due to Containers shortage. Industry report that their designs and colors stocks have been exhausted for making decorative laminates, PVC laminates, ACP etc and they are forced to discontinue many colors. It is also reported that there are delays in the introduction of the new folder due to non-availability on estimated timeline.
Containers are stranded at various ports leading to all shipping companies not finding any headway to become smooth. The covid scare resurfacing, containers are causing a matter of grave concern, due to which Indian manufacturer’s are feeling hostage.
Importers say that the container freight and price increase in origin countries are the key factors, which has pushed up the landing cost of all kinds of Papers in India. As per new reports, freight costs have witnessed an unexpected jump of around 8 to10 times following container shortage and for now this is the biggest worry for imported raw materials segments.
The biggest dent is being felt by all kinds of Paper and Chemical import dependent businesses. The scraps and other commodities including waste paper and all raw materials like PVC, Resins, Additives, Scrap paper, White print base Paper, Melamine, Phenol, Methanol, Design Paper, Face Veneer, Decorative Veneers and many other raw materials are at double prices yet unavailable creating huge chaos, losses and financial instability among manufacturing firms.