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February 6, 2019

Malaysian wood products exports likely to drop in 2018

The Malaysian Timber Industry Board (MTIB) is projecting a 4% decline in exports of timber and timber products for 2018 — falling short of the National Timber Industry Policy (NATIP) target of RM23 billion — before picking up again this year.  Speaking to reporters at a timber market performance outlook event, MTIB deputy director general Norchahaya Hashim said the value of the exports of timber and timber products is projected to contract 4% to RM22.30 billion in 2018, from RM23.21 billion in in 2017.  The projected decline in 2018, she said, is due to slower demand ...

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