Published on March 23, 2017
The first two months of 2017 have passed and the demand for plywood has increased with soft velocity. As per recent condition during 2017-18 demand for veneer would be slow from retail market, as post demo from last 2-3 months it is also moving with slow velocity.
Previous month the sudden increase in the phenol and formaldehyde prices has pushed the manufacturers to increase the prices of its finished products. The plywood players will increase the prices of their finished products as their cost has gone up by 8 to 10 percent. But the demonetization in India affected demand of wood panel products which has prevented the players to increase the prices.
As per the source, wood panel and decorative industry players have been impatient to announce the revised prices of the products. The prices of all the products have been increased as the raw material prices and manufacturing cost is also higher.
As per market analyst in the slow moving market to achieve good profit margin and remarkable sales volume, market players have to look ahead and plan for attractive strategies to compete with revised price products. Apart from this they have to work on the building up goodwill, team, brand and right policies so that customers routinely will visit your place.