Myanmar has a land area of 67.7 million hectares and a total forest area in Myanmar is estimated to be 34.4 million hectares. The total number of Forest Management Units (FMUs) in Myanmar is 62, out of which 41 are dedicated to timber production. Thirty-four FMUs are actively managed for teak and other hardwoods covering an area of about 470,000 hectares.
The wood flooring and decking industry sector is benefiting from Myanmar’s abundant sources of raw materials, particularly wood. The Food and Agricultural Organization reported that Myanmar accounts for roughly one-third of the world’s teak output.
The surge of wooden flooring and decking industries in Myanmar due to sociopolitical reforms by the Government are visible in foreign sales steadily increasing over the past three years.
Both central province of Mandalay and Yangon are the key sourcing centers for manufacturing companies and both locations also benefit from a deep labor pool.
Manufacturers believe that a critical challenge facing the sector is lack of access to capital, which keeps suppliers from expanding their capacity and enhancing operations
Although exports remain low, Myanmar suppliers generally forecast outbound shipments to surge in the next few years as trade restrictions imposed locally and overseas are lifted.