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.

Source: MPI: Situation and Outlook for Primary Industries, Dec 2022

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