Rubber Tree Economy
Rubber trees are important economic plants in Thailand. Thailand was the biggest country which produced and exported rubber trees since the year 1991. Thailand exported about 1.6 million tons of rubber products which valued about 41 billion baht.
In 1994, exports of rubber wood furniture brought in 297 million USA dollars, accounting for 70% of Malaysia's furniture exports. In 1997, Thailand exported 2 million tons of latex which accounted for the world latex production (ITTO 2000). In 1998, the country exported rubber wood furniture for a value of about 683 million USA dollars.
Rubber wood was sold and exported which also gave lots of money to Thailand, meaning it was quite an important wood to the Thai economy. Rubber woods were sold to many furniture industries around the world and the amount of money made could grow even more in the future due to the amount of products that are increasing each year.
During the year 2009, rubber wood supplies in Thailand were 14 billion and the annual growth was at 20%. 80% of that rubber wood was exported to China and the rest went to Japan, Hong Kong, Vietnam, USA, Canada, Malaysia, India and Indonesia.
In December 2010, a 100 rai of rubber trees would get 660,000 baht. And by 7 months they would get 4.6 million baht. The current production of rubber is is 2.87 million tons per year and exports 2.57 million tons per year.
In 1994, exports of rubber wood furniture brought in 297 million USA dollars, accounting for 70% of Malaysia's furniture exports. In 1997, Thailand exported 2 million tons of latex which accounted for the world latex production (ITTO 2000). In 1998, the country exported rubber wood furniture for a value of about 683 million USA dollars.
Rubber wood was sold and exported which also gave lots of money to Thailand, meaning it was quite an important wood to the Thai economy. Rubber woods were sold to many furniture industries around the world and the amount of money made could grow even more in the future due to the amount of products that are increasing each year.
During the year 2009, rubber wood supplies in Thailand were 14 billion and the annual growth was at 20%. 80% of that rubber wood was exported to China and the rest went to Japan, Hong Kong, Vietnam, USA, Canada, Malaysia, India and Indonesia.
In December 2010, a 100 rai of rubber trees would get 660,000 baht. And by 7 months they would get 4.6 million baht. The current production of rubber is is 2.87 million tons per year and exports 2.57 million tons per year.
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