Comprehensive global teak market analysis with 15-year historical data showing 5.5% average annual growth. From $500 USD/m³ in 2009 to $650-750 USD/m³ in 2024.
A comprehensive 15-year assessment (2009-2024) of the global teak plantation market
The global teak market has undergone dramatic transformation over the past 15 years, climbing from $500 USD/m³ in 2009 to $650-750 USD/m³ in 2024, representing an average annual growth of 5.5%. The market is valued at $44 billion in 2023, projected to reach $93.22 billion by 2032 at an 8.7% CAGR.
Dominant producer with 4.3-6.9 million hectares globally. India transformed from exporter to net importer.
Faster growth rates (16-22 years vs 25-40 in Asia). Ecuador leads with $30M annual exports.
250,000 hectares concentrated in West Africa. Côte d'Ivoire exports over 127,000 m³.
2014 restrictions eliminated 75% of natural teak supply, forcing reliance on plantation sources
Grade A teak commands 100-200% premiums over standard plantation material
India absorbs 75% of global trade for construction and furniture industries
Data compiled from IUFRO Global Assessment 2022, ITTO market reports, UN COMTRADE statistics, and regional forestry institutes across 80 countries.
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Based on 15-year historical analysis and global market trends
20 years of TEAK price history showing consistent 4% annual growth backed by nature-based assets
Detailed historical price data with market metrics
Stable baseline teak plantation prices with adequate supply from Myanmar and Asian plantations
Export restrictions eliminated 75% of natural teak supply, creating market disruption
Initial depression followed by home improvement boom driving prices higher
50% total growth over 15 years, 5.5% average annual appreciation
Investment Value
$2,190
Total Gain
+119%
