Wood Products Market in India

WoodProductsMarketinIndia
ATIBTForum,HoChiMinhCity
October12

PresentationStructure::
1. India Snapshot
2. ForestryinIndia NaturalandPlantation
3. ForestProductsIndustry
4. MarketandConsumer
5 SupplyandDemandDynamics
5.
S
l
dD
dD
i
Supply(ImportsandDomestic)
Demand(ExportsandDomestic)
Demand (Exports and Domestic)
DemandSupplyGap
6.QnA
Q

Creatingvalueisourbusiness

India::Snapshot
DEMOGRAPHIC PROFILE ::
DEMOGRAPHICPROFILE::

Area3.28millionSq.kilometers
7th largest(byArea)2nd LargestbyPopulation
LargestDemocracyintheWorld(714Mn Voters)
22OfficialLanguages Hindi(41%)WidelySpoken
81%Hindus,13%Muslim,2%eachChristians,Sikhs.
Median Age =25years
MedianAge
25 years

ECONOMICINDICATORS::
GDP
GDPin2011$4.53TrillionPPP3rdlargest,6%of
i 2011 $4 53 T illi PPP 3 d l
6% f
worldsGDP
PerCapitaGDP$3652,middleincomecountry
Servicesdriveneconomy::
y
Services::60%ofGDP
Agriculture::16%ofGDP
Industry::24%ofGDP
GDPGrowthCAGRfor5years::8.4%
GDP Growth CAGR for 5 years :: 8 4%
FDIConfidenceIndex2012 Indiaranked2nd
Creatingvalueisourbusiness

NaturalForestsinIndia::Overview
Forests
69

Notforcultivation
Pastures
141

MiscTreeCrop
42

13

25
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0

Wasteland
FallowLand

11

Agriculture

40.0
32.0
23.8
5.7
Protected
Forests

Reserved
Forests
NaturalForest

Unclassified
Forests

Plantations

Plantations

*Source:AgricultureStatisticsAtAGlance2003,MinistryofAgriculture.
Creatingvalueisourbusiness

NaturalForestsinIndia::CurrentStatus
TotalForestArea::69MHA 20%of CountrysLandarea.
Forestcoverhasstabilizedforthepast15yrs
p
y ((64to67MHA)
)
PerCapitaAreaforest@.064HA About10%ofWorldAvg.
90Mpopulaceisdirectlydependentonforests,another110Mispartiallydependent
90 M
l
i di tl d
d t
f
t
th 110M i
ti ll d
d t
27%ofForestsareManagedbyLocalCommunitiesand8%byPrivateGroups
DemandforFuelWoodandOverGrazingseverelyimpactforestquality
Avg Stockingislow@60m3/haandProductivity@0.7m3/haamongstthelowest
ForestcoverlikelytoincreasebyYr 2030::ForestConservationLegislation
SevereLoggingrestrictionsowingtoSupremeCourtorder

Creatingvalueisourbusiness

PlantationsinIndia::Overview
AreaUnderPlantation 32MHA(17%oftheGlobalForestPlantations)
Approx.Outputof53MM3from30MHaoftotalPlantationsin2005
MainspeciesunderPlantationareEucalyptus,Acacia,Poplar,SilverWood,Rubber
Wood,andTeak
Poplar&EucalyptusarethefewsuccessfulspeciesinPlantations
GeneticimprovementsinPoplarandEucalyptushavehelpedincreaseyields
Govt promotingPlantationunderAgroForestry/SocialForestrySchemestoprovidefor
Fiberrequirementforarapidlydevelopingforestbasedindustries
q
p y
p g
50%areAgroForestryPlantations
AgroForestryhasbeendevelopedsince1980susingthefollowing::
1. SubsidizedPlantingStock
2. BankLoanAssistance
3. SharedCroppingSchemeswithPaper/PulpCompanies
4 ResearchintoClonalplantingwithBuybackguarantees
4.
Research into Clonal planting with Buy back guarantees

Creatingvalueisourbusiness

IndustryCharacteristics
Most of India's Processing is small scale
Mix of small medium and large scale industries processing logs and lumber
I t final
Into
fi l products
d t
Fragmented and Relationship Oriented
Subsector
PulpandPaper,Paperboard
Woodbasedpanels
Sawmills
Matches
Matches
Doors,woodworkingplants

Units
%ofSSI
406
66
506
8090
23000
82
12000
82
98
25

No strong industry lobby

Lack of quality Raw Material
Logistics Costs are very high owing to poor port/road infrastructure

Creatingvalueisourbusiness

IndianMarketandConsumers
INDIA IS NOT ONE MARKET 28 ADMINISTRATIVE REGIONS HAVE 28
different SALES TAX REGULATIONS
Carpenters
C
plays
l
an iimportant role
l iin b
buying
i d
decisions
i i
((site
i b
based
d prodn)
d )
No Standardization in sizes
Strong Traditional Preference for H/W TEAK
H/Ws used for door/door frames (hardly any solid wood furniture/flooring)
Regional Preference (Example:: In South India Best wood used for the Door)
Seasoning and Preservative Treatment is rare
Processed wood demand is increasing
Softwoods considered inferior/ used for short life applications
Difficult to get reliable Market intelligence

Creatingvalueisourbusiness

DemandDynamics

IndustrydemandforLRandSRSpecies

inMm3
LR%
Industry
P
Paper&Board
&B d
0%
Plywood
50%
Construction
80%
Packaging
5%
Furniture
100%
Veneer
50%
Particleboard
100%
MDF
100%
Others
Total
LR+SRTotal

2005 2005
LR
SR
9.0
90
7.0 7.0
15.5 3.9
2.8 2.8
3.4
0.2 0.2
0.2
0.2
02
7.5 14.5
36.6 37.3
74

2010 2010
LR
SR
15.5
15 5
9.0 9.0
17.7 4.4
3.2 3.2
4.6
0.2 0.2
0.2
0.2
02
9.8 18.0
44.9 50.3
95

2015 2015
LR
SR
26.6
26 6
11.5 11.5
21.0 5.3
3.8 3.8
5.9
0.3 0.3
0.3
0.2
02
11.5 21.4
54.4 68.8
123

2020 2020
LR
SR
35.8
35 8
14.6 14.6
22.8 5.7
4.5 4.5
7.5
0.4 0.4
0.4
0.3
03
14.7 26.7
65.1 87.7
153

IndustryinIndia,focusedonDomesticmarket

Mostofthedemandcomesinretail,verylittlebulkbuying

YoY
LR+SR
8%
4%
2%
3%
4%
4%
4%
3%
3%
4%

Creatingvalueisourbusiness

SourcingSupply

15%ofSupplycomesfromNaturalForests,7075%fromPlantationsand812%from
Imports

ImportsDetails::Volume
I
t D t il V l
Category(000s)
LOGS/RSQ
LUMBER
PLYWOOD
SubTotal1
VENEER
PARTICLE BOARD
PARTICLEBOARD
FIBREBOARD
DENSIFIED
WOODPANELS
WOODFLOORING
WOODFRAMES
RESTALL
SubTotal2

HS
Unit
4403 CBM
4407 CBM
4412 CBM
4408
4410
4411
4413
4418
4409
4414
All

MT
MT
MT
MT
MT
MT
MT
MT

2007
3,931
60
137
4,128
14
98
131
6.4
3.4
4.3
1.4
22
282

2008
3,875
85
175
4,136
19
88
99
5.4
7
6.2
2.3
29
256

2009
5,527
173
207
5,907
22
104
114
2.5
7.3
5.3
1.5
48
305

2010
4,664
192
329
5,185
28
136
174
3.6
11
9.6
0.6
23
386

2011
6,168
495
386
7,049
58
167
178
2.4
17
11
0.6
27
461

YoY

12%
69%
30%
14%
43%
14%
8%
22%
50%
26%
19%
5%
13%

Creatingvalueisourbusiness

TopSupplyingOriginsbyType2011
350

In MTs

320.50

300

250

200
133.08

150

117.56
96.52

86.86

100
41.29

35.53

33.78
24.22

50

China

Others

Malasiya

Nepal

Thailand Sri Lanka Myanmar Indonesia Vietnam

Wood Panel (16.86)

Veneer (144.15)

Particle Board (166.74)

Fibre Board (178.53)

Densified wood (2.29)

Plywood (386.37)*
Creating value is our business

Log/LumberImportsbySpecies Volume(m3)
LogsVol
Pine
Meranti
Teak
Gurjan
Resak
Kapur
Batu
Keruing
Kwilla
Pyinkado
Others
Total

2010
1,030,314
971,452
656,233
565,193
241,063
241,162
241 162
260,580
212,797
89,130
39,822
356,544
4,664,290

2011
1,592,743
1,072,771
1,004,827
657,423
266,817
221,934
221 934
184,133
181,927
85,052
99,898
800,035
6,167,560

LumberVOL
Pine
Teak
Spruce
Beech
Merbau
FIR
Padouk
Meranti
Oak
Others
TOTAL

2010
39,961
59,180
13,535
21,429
22,776
13,035
13 035
1,458
960
1,819
18,056
192,210

2011
164,789
52,659
45,764
31,542
26,113
31,656
31 656
21,981
3,031
2,042
115,664
495,240

3
1
3
1
1
1
3
1
1
3
3

Creatingvalueisourbusiness

AfricaLogImports BySpecie/Origin
LOGSVOL(CBM)
2010
2011
Padouk
56,504 15,993
BELI
6,416 925
BILINGA
373 4,532
AFRIC.WHITEWOOD 4,107 163
SAPELLI
1,358 1,856
WENGE
535 483
DABEMA
681
AYOUS
558
KOSIPO
369

3
3
3
3
1
1
1
3
1

AFRICALOGSBYORIGIN VOLUME
LOGSVOL(CBM)
2010
2011
GABON
60 268 2,974
60,268
2 974
CENTRALAFRICANREP. 4,285 12,433
CONGO
5,520 8,841
CAMEROON
865

3
3
3
1
1

Creatingvalueisourbusiness

TEAKLOGS&LUMBERBYORIGIN VOLUME
TEAKLOGS
MYANMAR
COSTARICA
IVORYCOAST
GHANA
ECUADOR
PANAMA
BENIN
SUDAN
BRAZIL
TOGO
OTHERS
TOTAL

2010
159,165
91,128
93,681
99,158
99 158
62,853
36,318
31,926
13,697
5,616
14,157
48,533
,
656,233

2011
278,672
126,974
75,230
94,030
94 030
120,087
70,323
48,693
31,972
27,106
23,866
107,873
,
1,004,827

3
3
1
1
1
3
3
1
3
3
1
3
3

TEAKLUMBER
TANZANIA
BENIN
BRAZIL
ECUADOR
MYANMAR
OTHERS
TOTAL

2010
39,403
5,285
7,126
2,345
2 345
1,530
3,490
59,180

2011
33,023
7,562
3,944
1,253
1 253
1,237
5,639
52,659

1
1
1
1
1
1
1
1

Teak Logs imports is the Largest tradeflow into India in value terms ($ 459
Mio)

Existing imports of 1.05 M m3 of Teak logs & lumber. India is by far, the largest market for Teak Imports.
Logs imports dominated by 3 origin sets
Myanmar: big increase, but future outlook remains uncertain due to regulatory environment
West Africa: volumes reducing consistently as Plantations diminish and Quality deteriorates
Central America: has good potential to be the largest source of sustainable teak in the near future
Teak lumber remains a niche tradeflow dominated by one origin- Tanzania.
Creatingvalueisourbusiness

Demand SupplyGAP
SupplyDeficit(Mm3)
Demand
Supply
Supply Gap
SupplyGap

2000

2010 2020 YoY

58
95
153 5.2%
29 70.5 100.7 6.8%
29 25 52
3 2%
3.2%

DomesticSourcesCANNOTkeeppacewithprojecteddemand.
SRSpeciesarelikelytoreplaceLR inShort/MediumTerm
ConstructionindustrydemandforH/WwillbereplacedbyComposites/ReadyMade
Door/DoorFrameImports

FurnitureIndustrywillmoveawayfromLRspeciesdomesticmanufacturingtoImports
d
ll
f
d
f
ofIntermediateandFinishedwoodenfurniture

ReadymadeDIYfurnituretogainground,DependenceofCarpenterstocomedown
y
g g
, p
p

Likelyswitchfrom100%WoodentoWoodmixandAlternatematerial

PlywoodindustrymaylookforalternatepeelinggradeH/Ws orImportmoreVeneer
ormovetowardsLaminates
Creatingvalueisourbusiness

Demand SupplyGAPcont
MDF/HDFBoardstogainmarketshare.IndiaexpectedtofollowtheWorldAverage
BoardUsage
Plywood
y
ParticleBoard
MDF
Total

India
85%
10%
5%
100%

World
20%
55%
25%
100%

2011Data

InvestmentinCompactingPlantsexpectedtogoup

PaperindustryislikelytopushaggressivelyforAgroforestryinSRcrops.Mayimportif
costsarecompetitive

Pricesareexpectedtoriseupacrosstheboardforallwoodproducts

Agro forestry to get more financially rewarding for Communities

AgroforestrytogetmorefinanciallyrewardingforCommunities.

Creatingvalueisourbusiness

WrapUp
ImportofSoftwoodlikelytoincrease
Teakwillcontinuetohavestrongdemand
Teak will continue to have strong demand
IndianimporterswilllookfornewcompetitivesourcesofH/Ws
Lumberimportstoremainrobust
TreatedWoodwithH/Wpropertieslikelytobecomepopular
Importsofintermediateandfinishedproductsislikelytoincrease
TemperateSpecieslikelytobecomeacceptable

LikelyentryofcorporatePlayersinDIYandRetailSegment

Creatingvalueisourbusiness

QnA

Creatingvalueisourbusiness

WOODPRODUCTSIMPORTSBYVALUE
Category(M$)
Category
(M $)
LOGS/RSQ
LUMBER
VENEER
PARTICLEBD
FIBREBD
PLYWOOD
DENSIFIED
WOODPANELS
WOODFLOORG
WOODFRAMES
FURNITURE
RESTALL
GRAND TOTAL
GRANDTOTAL

HS
4403
4407
4408
4410
4411
4412
4413
4418
4409
4414
9403
all

2007
1,172.0
25.0
18.5
47.0
57.0
29.0
7.8
12.7
10.0
2.0
291.0
28.9
1 701 0
1,701.0

2008
1,133.0
32.0
20.4
39.0
49.0
33.0
9.9
16.7
9.4
2.4
273.0
30.2
1 648 0
1,648.0

2009
1,360.0
47.0
21.8
39.0
48.0
40.0
5.7
19.4
9.7
2.0
244.0
30.4
1 865 0
1,865.0

2010
1,307.0
68.0
29.3
61.0
80.0
63.0
7.7
27.3
14.6
0.9
356.0
34.7
2 049 0
2,049.0

2011
1,955.0
145.0
50.9
82.0
86.0
114.0
6.0
47.3
13.8
1.0
501.0
47.6
3 049 0
3,049.0

YoY
#
#
#
#
#
#
#
#
#
#
#
#
#

14%
55%
29%
15%
11%
41%
6%
39%
8%
16%
15%
13%
16%

Source:DGFTimportexportdatabase

Creatingvalueisourbusiness

TEMPERATELOGSBYSPECIES VOLUME
LOGSVOL
Pine
BEECH
SPRUCE
OAK
ASH
FIR
MAPLE
WALNUT

2010
1,044,606
19,515
18,391
7,413
1,756
3,066
1,332
1,023
1 023

2011
1,592,743
37,317
14,429
1,353
3,310
607
1,389
1,269
1 269

3
3
1
3
3
1
1
1
1

TEMPERATELOGSBYORIGIN VOLUME
LOGSVOLUME
NEWZEALAND
GERMANY
BELGIUM
BOSNIA&HER
UK
USA
FRANCE
DENMARK

2010
935,016
58,526
49,083
49 083
3,830
10,895
3,393
11,420
6,594

2011
1,436,054
30,575
35,731
35 731
68,122
46,412
15,106
3,500
2,813

3
3
1
3
3
3
3
3
Creatingvalueisourbusiness

LOGSIMPORTSBYORIGIN VOLUME
LOGSVOLUME
MALAYSIA
NEWZEALAND
MYANMAR
GHANA
COSTARICA
PAPUANGNA
ECUADOR
ECUADOR
UKRAINE
OTHERS
TOTAL

2010
1,800,615
904,921
842,761
124,688
81,444
118,950
54,278
54 278
10,761
725,871
4,664,290

2011
1,885,580
1,460,412
1,238,011
140,090
135,950
134,974
112,767
112 767
94,981
964,795
6,167,560

2 000 000
2,000,000

2
2
2
2
2
2
2
2
2
2

LOGSCBMORIGIN
MALAYSIA

1,600,000

NEWZEALAND
MYANMAR
MYANMAR

1,200,000

GHANA
COSTARICA

800,000

PAPUANGNA
ECUADOR
ECUADOR

400,000

UKRAINE
OTHERS

2010

2011

Creatingvalueisourbusiness

LOGSIMPORTSBYORIGIN VALUE
LOGSVALUE
LOGS
VALUE
2,010
2 010
MALAYSIA
433
MYANMAR
259
NEWZEALAND 141
PAPUANEWGUI 42
COSTARICA
33
IVORYCOAST
46
Ghana
37
ECUADOR
20
GABON
46
PANAMA
11
OTHERS
93
GrandTotal
1,160

2,011
2
011
597
443
270
54
58
42
37
49
3
25
197
1,774

700

1
1
1
1
1
1
1
1
1
1
1
1

LOGSBYORIGIN
OGS O G VALUE(M$)
( $)
MALAYSIA

600

MYANMAR
500

NEWZEALAND
PAPUANEWGUINEA

400

COSTARICA
IVORYCOAST

300

Ghana
200

ECUADOR
GABON

100

PANAMA
OTHERS

2,010

2,011

Creatingvalueisourbusiness

LOGSIMPORTSBYSPECIES VALUE
LOGSVALUE
Teak
Meranti
Pine
Gurjan
Batu
Kapur
Resak
Keruing
Kwilla
Pyinkado
OTHERS
TOTAL

2010
287
183
155
127
90
51
42
41
42
22
121
1,160

2011
459
274
253
189
83
67
60
53
41
62
234
1,774

500

Logs
g VALUEM$

450

Teak

400

Meranti

350

Pine

300

Gurjan
Batu

250

Kapur

200

Resak

150

Keruing

100

Kwilla
Pyinkado

50

OTHERS

2010

2011

Creatingvalueisourbusiness

LUMBERIMPORTSBYSPECIES VOLUME
LumberVOL
Pine
Teak
Spruce
Beech
Merbau
FIR
Padouk
Meranti
Oak
Others
TOTAL

2010
39,961
59,180
13,535
21,429
21 429
22,776
13,035
1,458
960
1,819
18,056
192,210
,

2011
164,789
52,659
45,764
31,542
31 542
26,113
31,656
21,981
3,031
2,042
115,664
495,240
,

180,000
,

3
1
3
1
1
1
3
1
1
3
3

Lumber CBM

160,000

Pine

140,000

Teak

120,000

Spruce
Beech

100,000

Merbau

80,000

FIR

60,000

Padouk

40,000

Meranti

20,000

Oak
Others

2010

2011

Creatingvalueisourbusiness

LUMBERIMPORTSBYSPECIES VALUE
LUMBERVALUE
LUMBER
VALUE
Pine
Teak
Merbau
BEECH
Padouk
SPRUCE
FIR
OAK
Meranti
OTHERS
TOTAL

2010
8
24
9
8
1
3
3
1
0
6
63

2011
34
23
11
12
14
12
9
1
1
38
155

45

3
1
1
1
3
3
1
1
1
3
3

LUMBER VALUE M$
LUMBERVALUEM$

40

Pine

35

Teak

30

Merbau
BEECH

25

Padouk

20

SPRUCE

15

FIR

10

OAK

Meranti

OTHERS
2010

2011

Creatingvalueisourbusiness

TEMPERATELUMBERBYSPECIES VOLUME
LUMBERVOL
Pine
SPRUCE
BEECH
FIR
OAK
ASH
MAPLE

2010
24,206
8,199
12,980
7,896
7 896
1,102
817
964

2011
164,789
31,755
21,886
21,965
21 965
1,417
1,627
898

3
3
3
3
3
3
1

TEMPERATELUMBERBYORIGIN VOLUME
LUMBER VOL
LUMBER
VOL
GERMANY
USA
CANADA
NEW ZEALAND
NEWZEALAND
BOSNIA&HER
RUSSIA
ROMANIA
UK
NETHERLANDS

2010
25,709
7,072
4,208
8,770
8 770
3,030
1,579
712
313

2011
57,105
53,801
32,764
19,431
19 431
22,544
16,912
8,320
5,100
5,402

3
3
3
3
3
3
3
3
3
Creatingvalueisourbusiness

TEAKMARKETS DEMAND&SUPPLY
Demand: growing steady at 5% CAGR. Fed by
1.05 M m3 of Imports (2011)
0.25 M m3 of local production.
Consumption in 3 key sectors.
Relatively less risk of substition
Average Demand of 2.05 M m3 per year till 2020
Supply: current supplies able to meet demand
demand.
Future supplies is impacted by many factors:
Indias current local production of 0.25 M m3/yr.
Uncertain due to Regulatory/ Legal issues
Indias teak cover of 4.15 M Ha. Potentially
huge, but production remains uncertain

ConsumingSectorsinMm3 2010Vols YoY

2015 2020
M M3
MM3
Sectoral (M
Sectoral
(M
(Mm3)
(M
m3)
Growth m3)

ConstructionIndustrial
ConstructionHousehold
D&W segment
D&Wsegment
Furniture
TotalConsumption
TeakSources(Area)
(
)
India
Myanmar
RestofAsia
Africa
Cent&S.America
Total

0.46
0.20
0.52
0 52
0.13
1.30

3%
7%
5%
5%
5%

0.53
0.27
0 66
0.66
0.17
1.63

0.61
0.38
0.85
0 85
0.21
2.05

Type
yp
MHa
NaturalForest+Plant. 4.15
NaturalForests
0.30
NaturalForest+Plant. 2.50
Plantations
0.30
Plantations
0.18
7.43

Imports: Myanmar production likely to drop, Latam

supplies
pp
more certain,, Rest of Asia supplies
pp
unlikely.
y
Supply outlook of 1.50-1.75 M m3 per year till 2020
Outlook & Opportunity: with the certain growing consumption, there is a spot to medium-term
opportunity
t it for
f local
l
l and
d imported
i
t d supplies.
li
H
However,
if the
th local
l
l harvesting
h
ti norms are eased
d then
th supply
l
will far outstrip demand.
Creatingvalueisourbusiness

TEAKLOGS&LUMBERBYORIGIN VOLUME
TEAKLOGS
MYANMAR
COSTARICA
IVORYCOAST
GHANA
ECUADOR
PANAMA
BENIN
SUDAN
BRAZIL
TOGO
OTHERS
TOTAL

2010
159,165
91,128
93,681
99,158
99 158
62,853
36,318
31,926
13,697
5,616
14,157
48,533
,
656,233

2011
278,672
126,974
75,230
94,030
94 030
120,087
70,323
48,693
31,972
27,106
23,866
107,873
,
1,004,827

3
3
1
1
1
3
3
1
3
3
1
3
3

TEAKLUMBER
TANZANIA
BENIN
BRAZIL
ECUADOR
MYANMAR
OTHERS
TOTAL

2010
39,403
5,285
7,126
2,345
2 345
1,530
3,490
59,180

2011
33,023
7,562
3,944
1,253
1 253
1,237
5,639
52,659

1
1
1
1
1
1
1
1

Creatingvalueisourbusiness

TEAKMARKETS Demand
Currently assessed by adding Consumption:
Total Imports of 1.05 M M3 pa, growing at 5%
Estimated Local Production of 0.25 M M3 pa, estimated to be growing at 5-10% (?)

Teak Consuming segments

Construction sector / Housing startups, D&W Frames, Furniture

Average Demand of 2.05 M m3 per year till 2020

Demand Forecast
TeakConsumingSegments
ConstructionIndustrial
ConstructionIndividual
D&Wsegment
F it
Furniture
TotalConsumption

2010Vols Annual
M M3
MM3
Growth %
Growth%
0.46
3%
0.20
7%
0.52
5%
0.13
0 13
5%
1.30
5%

2015

2020

0.53
0.27
0.66
0.17
0 17
1.63

0.61
0.38
0.85
0.21
0 21
2.05
Creatingvalueisourbusiness

TEAKMARKETS SupplyLocal
Local Teak Production
0.25 M M3 of current production (basis consumption info??)
Likely to increase at the rate of xxx%? the next 5 yrs based on State auctions
More plantations acquiring maturity
Conducive regulatory environment with Govts focus on Community/ Indsutry led production (Farm/
Agri Forestry Initiatives)
Potential production basis Area under Teak cover. 9.26 M Ha*
Natural
N t lF
Forestt 6.81*
6 81* m H
Ha (S
(Source FAO 2010)
2010). N
Nett Eff
Effective
ti area off 1
1.7
7MH
Ha
3.54 m Ha with share of Teak > 25%
3.27 m Ha with share of Teak < 25%
Teak Plantations Area 2.45
2 45 m Ha (source ITTO Update)

Average Local Supply of 2.9 M M3 per year till 2020

India Teak Cover

IndiaTeakCover

M Ha
MHa

Yield
Yield
M3/Ha

Production
Production
Potential MM3

ProductionPotentialtill
Production
Potential till
2020 MM3(?)

NaturalTeakForest(effectiveArea)

1.70

120

204

10.22

TeakPlantations

2.45

75

184

18.38

Total

4.15

388

29

93

Creatingvalueisourbusiness