Teak is considered gold among woods. Its beauty, durability and diverse applications are appreciated everywhere.
Teak stands out among other premium tropical and quality woods, both for its annual commercialised volume, and the price it obtains. Its world volume is five times bigger than its closest tropical competitor and the prices reached in the international market is several times higher than other tropical hardwoods. Due to the reduction of other tropical hardwoods, plus the fact that the demand for teak has not been met in the past 25 years, its average value has risen to figures above 5% each year.
Analysis and research suggests that with the current level of harvesting and planting, there will be a supply shortage of timber for decades to come. This will inevitably lead to further increases in timber prices.