The value of Sarawak’s (Malaysia) 2015 timber exports fell 9% to RM 6.6 billion ($1.6 billion) compared to RM 7.2 billion ($1.8 billion) in 2014. Export earnings for the first two months of 2016 are also trending lower. In the first two months of the year Japan continues to be the major market accounting for 36% of total wood product exports.
ByLesprom Network
Apr 07, 2016. /Lesprom Network/. The value of Sarawak’s (Malaysia) 2015 timber exports fell 9% to RM 6.6 billion ($1.6 billion) compared to RM 7.2 billion ($1.8 billion) in 2014. Export earnings for the first two months of 2016 are also trending lower, ITTO reported.
Only sawnwood exports have held up with all other products posting losses. To-date products that contributed most to 2016 export earnings were plywood (48%), logs (27%) and sawn timber (12%).
In the first two months of the year Japan continues to be the major market accounting for 36% of total wood product exports. Other markets included India (21%), Taiwan P.o.C (9%), Middle East countries (9%), Korea (8%), the Philippines (6%), Vietnam (3%) and Thailand (2%).
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