It is estimated that there are over 200 dealers involved in the plywood industry in Indonesian right now, all of them are conducting business in their own unique ways. The improved availability of wood in China and Indonesia has led to an increase in the quantity of face that is available in those countries. A large face veneer provider, speaking on the condition of anonymity, revealed that the past two months have enabled dealers to record a respectable profit ranging from 12.0% to 20.0%, depending on the quality and the specie.
It is predicted that there would not be a significant arrival of okoume face veneer at any of the Indonesian ports over the next two months. Because the port of Libreville in Gabon, which is located in Africa, does not have any available vessels, there is almost no commerce going on in the Indonesian market. Face veneer traders are able to tighten their hold on the market since the gap spans a significant amount of time and provides adequate opportunity for other species to enter the market once more. Up till the time that this article was written, there are vessels that are preparing to head to the port in Indonesian with Okoume face containers whose travel period is approximately fifty days. It is also anticipated that the price of by Okoume face veneer will increase by 6% to 8% once it becomes available in January 2019.
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