An Empirical Analysis of Timber Trade in India
Asian Journal of Agricultural Extension, Economics & Sociology,
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.
How to Cite
FAO. FAO Global Forest Resources Assessment; 2020.
India State of Forest Report; 2019.
Bansal, Arun K. Efficient Utilisation of Plantation Timber – Challenges and Strategies. Indian Forester. 2004;367.
Kondas S, Sankaramurthy S, Sambasivan V. India and World wood and wood products trade, Vision for the management of wood in Tamil Nadu. Tamil Nadu Forestry Department. 8-12.
Mo EF. Report of the National Forest Commission. MoEF. GoI; 2019.
Economy India. 2012
Uddin J. Time series behaviour of imports and exports of Bangladesh: evidence from co-integration analysis and error correction model. International Journal of Economic and Finance. 2009;1(2).
Zajac S. An analysis of export and import of wood and wood-based products in Poland in 1987-1996. Sylwan. 1998;5-18.
Tajdini A, Mofrad H, Latibari AJ, Roohnia M. Analysis of wood-based panels import to Iran: simultaneous equations model approach. African Journal of Business Management. 2011;13169-13175.
British Columbia Forest Products. Trend analysis in export markets: wood products. Annual Report, Forestry Innovation Management. 2009;1-100.
Upadhya VK, Mohanty BN. Trends and perspectives of Indian wood-based panels. Asian Journal of Current Engineering and Maths. 2016;5(2):35–40.
Kaur G, Sharma M. The Contribution of forest sector in building of Green Economy. Journal of Chemistry, Environmental Sciences and its Applications. 2016;2(2):121-134.
Malik DP, Dhanda S. Status, trends and demand for forest products in India. XII World Forestry Congress; 2003.
Available at: http://www.fao.org/3/xii/0228-b1.htm)
Nautiyal, Raman and Verma, Deepti. Trends in India’s import of timber, Status and recent researches on Important Timber trees of India. 2017, 45-54.
Abstract View: 101 times
PDF Download: 41 times