A report on the plantation forest industry has highlighted its value to national and regional economies, as well as forestry’s beneficial effect on New Zealand’s ecology. The NZIER Report was commissioned by the New Zealand Forest Owners Association and Farm Forestry Association.
The Report has found the forestry and logging sector is worth $1.4 billion to the national GDP, making a substantially larger contribution to GDP than either the sheep meat or beef sectors. Forestry is hugely important for many provincial economies.
The Report details that our production has gone from 10 million cubic metres of timber in 1989, to 28.7 million cubic metres last year. MPI forecasts New Zealand forest product export returns to reach $6.15 billion by 2020, from the current $5.14 billion in 2016, with increasing returns from sawn timber, wood panels, pulp and paper all contributing.