Forests are renewable resources that contribute significantly to economic growth. The economic contribution by forest is through the valuable commodities including wood, paper and non-timber forest products. One among this is timber, it has been the primary material for house construction and furnishings of all kinds over the years. Timber plays a vital role in international trade in India. This study was focused on finding growth pattern in export and import of timber using Compound Annual Growth Rate (CAGR). Over the period of 2005-2019, the production of timber has been increased at the rate of 0.07%. The import performance was dominant over the export due to over requirements of raw materials. Although export showed positive growth rate at 0.15%, import of timber shot up at 4.09% from 2005-2019. Therefore, it is necessary to introduce adequate due diligence system to meet domestic demand of timber production in India.
This paper is an attempt to assess the major tree species that are being traded in the state and a comparison of domestic and import prices of the most preferred species has been done. India is one of the top producers of tropical logs in the world; on the other hand it is also among the largest consumer of wood products. It is also among the top importing countries of tropical woods since it cannot match its own demand for wood products with domestic supplies (ITTO, 2015). Tamil Nadu has more than 500 small scale timber industries, with majority of them being unorganized. The price had also been fluctuating between domestic and imported wood based on their requirement, quality, size and other parameters. Forty sample respondents were selected through snow ball sampling technique and initial references were drawn from Consortium of Industrial Agroforestry (CIAF) operating at Forest College and Research Institute (Tamil Nadu Agricultural University), Mettupalayam. The price variability between domestic and imported teak was evaluated using bivariate correlation analysis. It could be found that there was significant positive correlation between the price of country teak and Ecuador teak, country teak and African teak which implied that if there is increase in price of country teak, there will be increase in price of either Ecuador or African teak and vice-versa.
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