NZ Forestry Exports rise 13.9%Thursday 22 Dec 2011 The September 2011 quarter NZ Forestry Production and Trade Statistical Release is now available on MAF's website. The statistical release provides a comprehensive review of New Zealand's domestic production and overseas trade of forestry products on a quarterly basis. The full report can be found on the MAF website at www.maf.govt.nz.Key highlights from the September 2011 quarter: (compared with the September 2011 quarter, unless otherwise stated) - Total forestry export earnings increased NZ$32.7 million (3.0 percent) to NZ$1.1 billion in the September 2011 quarter. Export log earnings continue to be strong rising by $NZ77.2 million (25.8 percent) due to strong demand and high log prices, partially offset by a NZ$31.4 million (13.6 percent) fall in saw timber export earnings. - China continues to dominate New Zealand’s log export market, with volumes rising 32.6 percent, to a record high of 2.2 million cubic metres since the series began in 1988. There are, however, indications in recent months that this demand is easing. - Total roundwood removals were up 395 000 cubic metres (6.2 percent) to an estimated 6.8 million cubic metres this quarter. - Sawn timber production fell 113 000 cubic metres over the quarter due to a combination of high log prices, weak domestic demand and a high exchange rate. - The annual value of forestry exports increased 13.9 percent to NZ$4.6 billion over the year ending 30 September 2011, due to continued high demand for logs from China. Forestry accounted for 10.1 percent of total merchandise exports, compared with 10.0 percent in the year ending 30 September 2010. |
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