Cambodia is a country rich in forests, with timber playing a significant role in its economy. However, the timber industry has faced challenges in recent years due to illegal logging and export restrictions.
In 2016, the Cambodian government banned the export of raw timber logs in an effort to combat illegal logging and promote the domestic processing of timber. This ban has had a significant impact on the timber market, with exports decreasing by over 75%.
As of 2021, the government has been gradually allowing some timber exports, but with strict regulations and a focus on sustainable logging practices. The government has also implemented a Timber Legality Assurance System (TLAS) to monitor and regulate the industry.
The domestic market for timber is still strong, with demand coming from the construction industry and furniture manufacturers. However, prices have increased due to the restrictions on exports and limited domestic supply.
Overall, the timber market in Cambodia is in a state of transition as the government seeks to promote sustainable logging practices and limit illegal logging while still meeting the demands of domestic and international markets.