Oct 06, 2011. /Lesprom Network/. The Malaysian Timber Industry Board (MTIB) is reviewing its forecast for 2011 timber exports. Malaysia’s exports of timber and timber products amounted to RM 20.52 billion ($6.84 billion) in 2010 but analysts report the likelihood is that total exports for 2011 may be lower than those in 2010, ITTO reported. In contrast, demand in the domestic market remains buoyant for the time being. Domestic consumption of wood products is estimated to be worth around RM 20 billion ($6.7 billion), out of which sawn timber accounts for just over RM 10 billion ($3.3 billion), furniture RM 4 billion ($1.3 billion), plywood and other panels RM 4 billion ($1.3 billion), joinery products RM 1 billion ($333 million) and other timber products the remainder.