Strong Dollar Is Helping Domestic MDF Demand

Rocketing dollar prices against Rupee is reported to help domestic MDF manufacturers in taking over imported MDF market. Report from trade hinted that the price gap between imported and domestic MDF prices has been narrowing because the dollar rates have jumped by over 15 percent in last two months. Reports say that domestic MDF producers have been receiving some fresh queries in September, which has brought happiness as earlier they were compelled to reduce their capacity due to slower demand.

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Price War Hits Margins of MDF Producers

With rise in awareness and application of Medium density fiber-board, India is consuming more MDF than ever. Thanks to designers using MDF in different applications, this category is growing at 22 percent annual growth despite of many odds. With present installed capacity of 2400 cbm per day, Indian MDF market is around Rs 1800 crore as of now. The growth in value terms in MDF segment has not been very promising though volumes have grown by 22 percent. The key players in Indian markets are Action Tesa, Green Panelmax, VIR MDF, Century Ply, ASIS MDF and Pioneer.

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