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

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news