Malaysia targets 16 billion USD in timber exports by 2020
The Malaysian Government has targeted 53 billion RM (more than 16 billion USD) in timber exports by 2020, with the furniture sector contributing 16 billion RM in export value, according to Plantation Industries and Commodities Minister Douglas Uggah Embas.
The Malaysian Government has targeted 53 billion RM (more than 16billion USD) in timber exports by 2020, with the furniture sectorcontributing 16 billion RM in export value, according to PlantationIndustries and Commodities Minister Douglas Uggah Embas.
Local media quoted the minister as saying that the world’s market forhousehold items such as doors and wood-based products is on anever-increasing trajectory, with global population growth fuelling theneed for housing.
By 2025, it’s estimated that the globalpopulation will reach eight billion, while China , India , Indonesia, Brazil and the US will remain as the top five most populouscountries, he added.
China and India , which togetheraccounted for 35 percent of the global population, offers hugepotentials in terms of market and demand for value-added products withrising incomes, he said, urging Malaysian manufacturers to continue totake measures to strengthen their markets in these two countries.
Malaysia ’s timber export performance has doubled to 20.2 billion RM in 2012 versus 10.5 billion RM in 1992.-VNA
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