ABARES Executive Director, Dr Steve Hatfield-Dodds, said Australian forest and wood products statistics: March and June quarters 2018, reported the fourth consecutive year of growth for the value added by the forestry and forest product manufacturing industries, to $8.8 billion.
“We are seeing strong domestic demand for wood products, with a 4.4 per cent increase in house commencements compared to the previous year, while the number of new other residential buildings—such as units and townhouses—also increased,” Dr Hatfield-Dodds said.
“Domestic demand for wood products remains at high levels. Following four years of consecutive growth, the estimated volume of logs harvested stabilised in 2017−18 at 32.9 million cubic metres.
“Exports of Australia’s wood products were higher than ever in 2017–18, increasing for the fifth consecutive year to reach a record $3.6 billion, on the back of record high exports of woodchips, paper and paperboard, and roundwood.
“Overseas demand for woodchips, sourced mainly from Australia’s commercial hardwood plantations, remains strong with woodchips exports reaching $1.3 billion.
“The report finds the Chinese market accounted for the majority of total wood product export growth in 2017−18.
“In fact, 47 per cent of Australia’s wood product exports went to China, a market now worth $1.7 billion.
“Australia’s demand for overseas wood products in 2017−18 also increased, to $5.6 billion across all major wood product import categories, driven by growth in imports of wood-based panels and miscellaneous forest products.”
For a copy of the report visit www.agriculture.gov.au/abares/publications.