Value of New Zealand log exports jumps to NZ$92M in April, up 57% year-over-year, driven by increase in value of exports to China of 86% and South Korea of 33%: report
DUNEDIN, New Zealand
June 6, 2014
– It's new and it's impressive! Check out the new monthly New Zealand wood export update compiled by Champion Freight. There is a choice of two reports - sawn timber and logs. A summary of the latest report can be viewed here.
In summary, for the month of April there was an overall decline of 11% in Timber Export value when compared to April 2013, equivalent to NZ$6.9 million. This was led by a decline in value of exports to China (-39%), South Korea (-49%), Taiwan (-42%) and the US (-8%). This was partially offset by an increase in FOB value to Australia (+27%), Pacific Islands (+32%) and ASEAN (+12%).
Timber Export Value for 12 months to April 2014 increased 3% when compared to the 12 months to April 2013, equivalent to NZ$23.1 million. Gains in exports to the US, ASEAN, Europe and the Pacific Regions were partially offset by declines in the more traditional markets of Australia, China and Japan. Please click here for the full report.
For the month of April there was an overall increase of 57%, (NZ$92 million) in Log Export value when compared to April 2013. This significant increase between the periods is attributable to China (+86%) and strong gains we also experienced in South Korea (+33%). Export Value for 12 months to April 2014 has increased significantly by +50% (NZ$872 million) when compared to 12 months to April 2013. Please click here for the full report.