State’s 2011 timber revenue drops to RM7.08 billion

1

KUCHING: Sarawak collected RM7.08 billion from its timber export for the whole of last year, recording a decrease of RM125.1 million against the corresponding period in 2010.

Based on the fact sheet made available to the media at the Sarawak Timber Association (STA) annual general meeting (AGM) here yesterday, the highest export value in the last four years was in 2008 when the income recorded was RM7.91 billion.

The export revenue dropped to RM6.59 billion the following year but in 2010 it increased again to RM7.21 billion.

For the whole period of last year logs contributed to 45.59 per cent of the total export followed by plywood (33.45 per cent), sawn timber (10.67 per cent) while the rest were veneer, moulding, dowels, particle board, laminated board/flooring, woodchips, block board and other timber products.

The biggest market for the state’s timber sector export for 2011 was Japan with 33per cent followed by India (16 per cent), Taiwan (11 per cent), Asia (10 per cent), Middle East (9 per cent), Korea (6 per cent), China (5 per cent) and the rest were to the US and Europe.