Headwinds Galore For The Unorganised Wood Panel Space: ICICI Securities
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ICICI Securities Report
We expect unorganised players in the wood panel space to get significantly impacted in the near term due to a sharp rise in input costs and shortage of key raw materials.
Due to steep rise in raw material costs, the unorganised wood panel sector is facing plant shutdowns and lower order offtake, especially in the plywood and laminate segments.
In laminates, prices of phenol, melamine, formaldehyde and craft paper have risen significantly, while in plywood segment timber and face veneer prices have also risen.
In the case of medium density fibre/particle boards, importers are struggling due to higher freight costs and container availability.
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