Thailand still is the main source of tropical sawnwood for China and in 2019, tropical sawnwood imports from Thailand totalled 3.59 million cubic metres valued at US$1.038 billion, a year-on-year decline in volume of 19% and a 26% decline in value, reported ITTO.
Thailand’s market share for tropical sawnwood exports to China was 59% but this was down 3% year on year.
The head of the Rubber Authority of Thailand, Nakorn Takkavirapat, said many rubberwood entrepreneurs are in financial difficulties because of a sudden drop in China’s imports due to the outbreak of Covid-19.
Most of Thailand’s rubberwood exports are destined for China. The value of rubberwood exports in 2017 was Bt49.44 million but the figure dropped to Bt29.4 million in 2019.