The tepid growth in demand for panel products is worrisome and pushing out weak manufacturing establishments out of business. Although the month of December, 2019 brought smiles to plywood and laminate producers and traders
The Union Minister for Environment, Forest and Climate Change, Shri Prakash Javadekar informed that India is among few countries in the world where forest cover is consistently increasing.
Organized plywood sector has been occupying just 25% market share but with the implementation of GST, they expect to increase their market share.
The North Indian Plywood Industry faced the worst phase of their journey in 2019. The manufacturers were fighting on multiple fronts this entire year.
Since the beginning of 2019, the Poplar timber prices noted an upward trend, reaching the 1000 mark in the second half of the year. The rise in poplar prices created the biggest turnaround in the Plywood industry in North India as it led to an increa
Low raw material cost, low Chemical prices like Phenol and Methanol, which having significant share of raw materials input cost for making high pressure decorative laminates,
India has initiated a probe into alleged exports subsidisation by Indonesia, Malaysia, Sri Lanka, Thailand and Vietnam on fiberboards, which is impacting the domestic industry, according to a notification.
After a slowdown patch of 3-4 months, the demand for wood panel and surface décor products is noted to have improved in September and October months.
“The sellers find out that what they think in terms of product and its applications & uses; that do not sell. What they passing out to the customer is important, it does not matter what we think. The entire market is moving out like this.
In India per capita plywood consumption even today is not more than 2 sqm, but in China it is more than 30 sqm. If we compare India and China our production in MDF is 1.2 million tonne while it is more than 50 million tonne in China and the Particle