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

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: