SnapSTAT - Outlook for NZ forestry to 2024
Thursday 6 Apr 2023
NZ forestry exports are forecast to increase to NZ$6.6 billion for the year
to 30 June 2023. A slowdown in demand has been offset by a weak NZD
against the USD, which is currently supporting high export prices for all
products. Looking ahead, log demand is forecast to decline as China’s
economy and construction sector continues its slowdown. Sawn timber
exports are forecast to remain steady as domestic demand declines and
producers look to export product that would have otherwise been consumed
domestically.
![](https://fridayoffcuts.com/pix/Screen_Shot_2023-03-16_at_8.31.42_PM.png
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Source: MPI: Situation and Outlook for Primary Industries, Dec 2022
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