Chart Beat: MDF imports spike in April, likely to remain elevated in FY25

But the month-on-month trends successful imports points to a antithetic and worrying scenario. MDF imports roseate 80% successful April connected a month-on-month basis, pointing to an influx of inexpensive imports entering India from countries specified arsenic Vietnam and Indonesia. In effect, realizations of the home wood merchandise manufacture suffered, declining 16% month-on-month successful April.

Further, the hold successful implementing Bureau of Indian Standard prime cheque norms to February 2025 could pb to a surge successful MDF imports, frankincense impacting the home manufacture successful FY25. Plus, operating costs stay elevated owed to higher oversea freight costs. According to analysts astatine Emkay Global, it is apt that companies successful the conception may take to summation prices, but determination could beryllium a batch of readying and caution earlier immoderate terms hike is announced. Against this backdrop, the net show of companies, including Century Plyboards, Greenlam Industries, and Greenpanel Industries, should beryllium tracked

Also Read: Wood sheet makers proceed to look headwinds aft a mixed Q4FY23