Investment Analysis of Teak (Tectona grandis) : A Case Study on Sylhet Forests of Bangladesh

概要

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Teak (Tectona grandis) is one of the royal hardwood timbers due to its mellow color, decorative grain, nice texture and odor. A huge demand for the species exists all over the globe. As the supply of teak timber from natural forests is low, hence a plenty of teak plantation is being raised to meet the supply. Financial analysis helps to find out a viable investment option clarifying optimal return scenario. There is a paucity of data on actual yield obtained at harvest of teak in Bangladesh. Limited works on growth and yield have been reported so far in this regard. This study clarifies the investment option on teak plantation in Bangladesh through historical trend analysis, model development and proper valuation techniques. From the findings of the study, it is found that quantitatively teak plantation raised in the past was profitable, currently it is profitable and it will remain profitable in future as well. However, there are risk and uncertainties in any investment especially in long term forestry investment the risks and uncertainties are very high. Probable risks options are identified and how much these risks are sensitive to the results also quantified for this study. It is expected that the findings of the study will have a positive contribution to the professionals and researchers around the world dealing with teak.
森林計画学会の論文