How exactly are rubber plantations coping economically in Thailand?
In thailand, rubber trees are imperative for a surviving economy. As we have already discovered in my last viewpoint, tourism and pineapple production helps to provide an income for the plantation owners. This is increasingly important due to the fact that around 95% of the 12.5 million rai of rubber plantations in phuket, are owned by around 1 million families. In this viewpoint, it will convey all of the economical effects that rubber plantations has had on Phuket and also Thailand.
Since 1991, Thailand has been the largest producing and exporting country for rubber around the world. Per year, it exports a value of around 41,352 million baht worth of produce, which is the equivalent to around 1.6 million tonnes of produce.
In 1990, Phuket was ranked 7th in the total area of plantations planted in the provinces of Phuket. Then in 1996 it was ranked 17th, and finally in the last study done, in 2003 Phuket was ranked 15th. This is portraying that Phuket, although it may be small, holds a lot of plantations to be able to have a large income.
Not only is Thailand and Phuket using the latex produced by the trees, but also they are using the leftover wood to make furniture. In 1998, Thailand exported around 683 million US dollars of rubber wood furniture. The wood produced from the plantations are sold worldwide to furniture industries and in the future, it could be possible to have a larger income as the volume of produce is expanding rapidly. In 2009, around 80% of the wood from the rubber trees, were exported to China and the other 20% was shipped to Japan, Canada, India, Indonesia, Hong Kong, Vietnam and even the USA.
Overall, economically with rubber plantations, it can be said that Phuket and Thailand are coping and are receiving a reasonable income. If the produce of the rubber trees themselves doesn’t have enough income, I have already shown in my last viewpoint, that the farmers and owners of the plantations are putting the space to good use of other produce. E.g. Pineapples and papayas. Thailand is a major part in the world’s trade of rubber and without it, the world’s trade and rubber produce would not be the same and they would be lacking substantially of latex.