Strong export performance of Australia's wood product industries continues
AS REPORTED in the November 2016 issue of Australian forest and wood products statistics, Based on the first six months of 2016–17, the strong export performance of Australia’s wood product industries has continued into the current financial year (Figure 1). Exports increased by 7.8% to $1.6 billion, from $1.5 billion in the corresponding quarters of 2015–16.
The largest contributors to this improved export
performance were roundwood and woodchips. The value of roundwood log exports increased by 42% to $306 million in the first six months of 2016–17, compared with the corresponding quarters in 2015–16. Over the same timeframe, the value of woodchip exports increased by 6.1% to $558 million. These increases more than offset declines in paper and paperboard and recovered paper exports.
In contrast to exports, imports decreased by 6.4% to $2.7 billion in the first two quarters of 2016–17, compared with the corresponding quarters of 2015–16 (Figure 2). Declines were experienced in most import categories, in particular paper and paperboard which fell 8.4% to $1.1 billion. These declines were partially offset by an increase in imports of wood-based panels, which rose by 15% to $272 million.
■ ■ Figure 1 Quarterly value of wood product exports by product, March 2015 to December 2016 Note: Softwood woodchip export data from March 2016 is confidential and is not presented in this figure. Figure 2 Quarterly value of wood product imports by...