Plywood Supply to Rise, Exceed Demand, Profits to Drop

In 2018, The plywood manufacturing capacity is set to rise by 25-30 percent thanks to new factories and expansions taking place at various places in North India. Punjab, Haryana and Uttar Pradesh shall witness beginning of around 150-200 new units within 2018 which will certainly flood over the market compared to anticipated demand. The pressure on sales will push the market towards “Buyers’ market” hence there will be a drop-in price of finished goods specially after May 2018.

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Hundreds of New Plywood Units: Boom Time or Trouble Ahead ?

Haryana Forest Department has granted new licences for plywood, veneer, block board and door making units and released 1680 new licences last month. Issuing of new licences for plywood industries has opened the blocked path to start new plywood units in the region after one and half decade. The Forest department has issued the list of successful applicants and selected new licensees have to deposit their licence fee for formal issuance of final licence.

In a survey done by the government in September 2016, it was observed that wood supply was 10 percent higher than the last year. The Haryana Poplar Safeda Growers Sangharsh Samiti had been struggling since long to convince the government for taking measures to prevent the falling prices of plantation wood. The prices of poplar have come down by 200 percent during last two years thus forcing farmers to uproot poplar plants and stop plantation.

Read Full Article:- http://www.plyreporter.com/article/10018/hundreds-of-new-plywood-units-boom-time-or-trouble-ahead