RI wood exports may fall short<\/p>\n
JAKARTA (JP): The Ministry of Industry and Trade warned on
\nThursday Indonesia might not be able to reach the 10 percent
\ngrowth target for its wood products exports this year due to weak
\nmarket demand, following the global economic slowdown.<\/p>\n
\"The best we can do amid the sluggish market is to reach last
\nyear's export results,\" Gatot Ibnusantosa, the director general
\nfor chemical, agriculture, and forest product industries at the
\nministry, said here on Thursday.<\/p>\n
Last year, Indonesia exported US$6.7 billion worth of wood
\nproducts, or 14 percent of the total $47.8 billion non-oil and
\ngas exports that year, according to data from the Central Bureau
\nof Statistics.<\/p>\n
The wood products exports in 2000 include $1.99 billion
\nplywood and veneer products, $1.64 billion furniture and wood
\ncomponents products, $3 billion pulp and paper products, and
\nother wood products valued at $942.3 million.<\/p>\n
The global economic slowdown, which started with the Asian
\neconomic crisis in 1997, has hit Indonesian major wood export
\nmarkets, including the United States, Japan, South Korea and
\nEurope.<\/p>\n
Theoretically, Indonesia still has a good opportunity to boost
\nits exports, given the fact that today its share in the global
\nwood market is still small.<\/p>\n
Citing the ministry's latest data, he said Indonesian exports
\naccounted for only 13 percent, or $2.1 billion of the world's
\nplywood and veneer demand which was worth $15.5 billion in 1998.<\/p>\n
The data further indicated that Indonesian furniture exports
\naccounted for 1 percent of the global furniture demand of $50.1
\nbillion that year.<\/p>\n
But, in prefabricated woods exports, the country enjoyed a
\nwhopping 20 percent share of the global market. (03)<\/p>",
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