MPI updates forestry forecasts

Wednesday 13 Dec 2017

The growth in New Zealand’s primary industry exports is impressive and provides the sector a strong base to deal with the challenges ahead, says Agriculture Minister Damien O’Connor.

The latest Situation and Outlook for Primary Industries report shows the sector’s exports will grow by 8.5 per cent in 2018, to $41.4 billion.

“This would be the largest annual increase since 2014 when dairy prices rose to very high levels,” says Mr O’Connor.

“Growth this year is spread across all sectors and these gains are expected to be built on a more sustainable foundation.”

“The forestry sector is on pace for a third consecutive year of strong export growth with exceptional demand from China. Forestry exports are forecast to reach nearly $5.7b in 2018.”

Ministry for Primary Industries has just released is quarterly update of the 'Situation and Outlook for Primary Industries' (SOPI). The updated report and spreadsheets show historical and forecast export volume, prices, and revenue for the primary industries.

Actual and provisional data from 2004 to 2017 is sourced from Stats NZ, and the forecast data from 2018 to 2022 are provided by the MPI economic data and analysis team.

The information is up to date as of 11 December 2017. The next update is scheduled to be published in March 2018.

More data >>

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