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February 11, 2021
Forecast: New Zealand log exports expected to rise 12% in 2021 due to strong Chinese demand
New Zealand's forestry exports are expected to increase 8.1 percent due to strong demand for logs from China and robust demand for sawn timber from the US. Growth in the Chinese construction industry and the US housing market is expected to support demand for our key forestry products over the medium term. In addition, domestic timber demand is expected to remain strong due to increased residential construction. Looking into New Zealand log export sector Log export revenue fell 24 percent during 2020, largely due to COVID ...
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