Enviro News Asia, Jakarta – The Minister of Trade has signed Minister of Trade Decree (Kepmendag) No. 219 of 2025 on Export Benchmark Prices (HPE) and Reference Prices for Agricultural and Forestry Products Subject to Export Duties.
According to the decree, there is an increase in the HPE for several types of wood. “The HPE for wood products has risen for certain types of wood, including veneer from natural forests, wood in chips or particles, chipwood, processed wood with a cross-sectional area of 1,000–4,000 mm² from mixed tropical hardwood, other assortments from teak, and plantation forest wood from species such as pine, gmelina, acacia, sengon, balsa, and eucalyptus,” according to a press release from the Ministry of Trade on Saturday, March 1, 2025.
Although some wood products have experienced an HPE increase, the decree also establishes a decrease in HPE for certain wood products. Veneer from plantation forests, wooden sheets for packaging boxes, processed wood with a cross-sectional area of 1,000–4,000 mm² from meranti and merbau, as well as other assortments from ebony and rubberwood, have seen a decline in HPE.
The HPE determination is used for calculating export duties according to the tariff regulations outlined in Annex A of the Minister of Finance Regulation No. 39/PMK.0.10/2022 in conjunction with No. 71 of 2023.
Below is the list of HPE for wood products for the March 2025 period:
A. Veneer
From Natural Forest: US$719/m³
From Plantation Forest: US$638/m³
Wooden Sheet for Packaging Box: US$815/m³
B. Wood Chips
Wood in Chips or Particles: US$95/ton
Chipwood: US$98/ton
C. Processed Wood
Processed wood, planed on all four sides to achieve a smooth and even surface, with a cross-sectional area of 1,000 mm² to 4,000 mm² (ex 4407.11.00 to ex 4407.99.90):
Meranti: US$1,094/m³
Merbau: US$1,100/m³
Mixed Tropical Hardwood: US$860/m³
Ebony: US$2,308/m³
Teak: US$3,257/m³
Pine and Gmelina: US$646/m³
Acacia: US$739/m³
Sengon: US$719/m³
Rubberwood: US$308/m³
Balsa, Eucalyptus, etc.: US$1,228/m³
Sungkai: US$1,400/m³
D. Processed Wood with a Cross-Sectional Area of More than 4,000 mm² to 10,000 mm² (ex 4407.29.91 and ex 4407.29.92):
US$1,500/m³
