Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Infographic: Logs to China drive our forestry export growth

Logs to China drive our forestry export growth – Media release

13 January 2014

The value of New Zealand’s forestry-product exports has more than doubled in the last 20 years, Statistics New Zealand said today. The export of logs to China is driving the increase.

In 2012 we exported $4.5 billion of forestry products, compared with $1.9 billion in 1992. They continue to be our third-largest goods export, after dairy and meat.

The types of forestry products we export and who buys them have also changed over the 20 years.

“In 1992, logs accounted for less than a quarter of New Zealand’s total forestry exports, but overseas demand, particularly from China, saw this jump to 35 percent by 2012,” prices manager Chris Pike said.

The value of log exports more than tripled between 1992 and 2012 – from $443 million to $1.6 billion. Since 2008, the value has grown sharply – increasing 22 percent a year on average.

“This rise was due mainly to the volume of log exports tripling. Prices have increased by a smaller 16 percent,” Mr Pike said.

The increased export of logs to China has been a major contributor to the greater value of our log exports. In 1992 we sold only $59 million worth of logs to China. This was up to slightly more than $1 billion by 2012, making China our top market for logs – surpassing both Korea and Japan.

“New Zealand is now the third-largest exporter of logs in the world, after Russia and the United States. In 2012 we supplied 8 percent of the total value of the world’s export logs,” Mr Pike said.

Sawn timber is our second-largest forestry product export, followed by manufactured wood products, paper and paper products, and wood pulp.

“Between 1992 and 2012 New Zealand has become more reliant on log exports. China is now a key market for our forestry products, taking 34 percent of the total value of our forestry-product exports in 2012, compared with 4 percent in 1992,” Mr Pike said.

Also see the infographic Forestry exports in 2012 compared with 1992.

For more information on forestry exports, and to read the Price Index News released today by Statistics NZ, visit www.stats.govt.nz.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news