COMMENTARY

From Nature To The Future

The Malaysia Timber Industry Board wants to see more timber used in construction as its versatility makes it suitable for load-bearing structures.

The timber industry is one of the main contributors to the Malaysian economy, with total annual exports of around RM20 billion. Under the National Timber Industry Policy (NATIP), Malaysia is targeted to export a total of RM53 billion in high-value-added timber and timber products annually by 2020.

In 2016, Malaysian timber contributed RM22.11 billion in exports, or 2.81 percent of the country’s total export earnings, while the use of wood products in the domestic market amounted to RM18 billion. A total of RM678.1 million in investments were recorded, including RM526.3 million in domestic investments and RM151.8 million in foreign direct investments. The timber industry employs more than 240,000 workers. 

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