Teak has been used for 100's of years simply because of its hardness and durability. A natural oil occurring in teak wood makes it extremely resistant to pests and rotting and in turn this led to its recognition in boat constructing, a recognition which continues nowadays.
Natural teak takes roughly 20 years to reach a appropriate size for harvesting and commercial use. Some not too long ago developed teak hybrids grow a lot more swiftly and take 15 years to reach a size suitable for harvesting.
Teak, even so, isn't a perishable commodity as well as the teak might be allowed to develop on beyond the 15 or 20 years after which harvested. Within the meanwhile the trees have grown further and grow to be much more beneficial.
An interesting and little discussed fact about teak trees is that after felling the stumps will develop again and normally these stumps grow more rapidly and produce far more of the very important dark heartwood.
Currently milled teak fetches about six instances the value of pine wood, four instances the price of cherry wood and twice the cost of mahogany.
Quite a few aspects come into play in pricing teak:- Growth Rate: teak is slow growing- Supply: at present much more than 95% of the world's teak comes from non-sustainable jungle sources. As planet opinion has moved against the logging of our jungles provide of teak has fallen.
Teak remains in high demand and is specifically well-liked within the emerging economies of China and India.
Globe opinion continues to move against logging our jungles and Australia is at the moment taking into consideration generating the import of illegally logged timber a criminal offense. Other countries appear confident to adhere to Australia's lead.
Demand for timber is linked to globe population growth and demand for teak will continue to boost inline using the globe population growth. Demand will probably be additional fueled by the emergence of new economies exactly where teak is specifically well-known.
Timber has been a steady performer more than the final century and has normally out performed inflation by 3.2% per annum. Teak as a niche product has outperformed timber. Till sustainable teak production fills the demand for teak, teak looks to increase much more strongly in cost more than the medium term.
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