Is forestry a big industry in New Zealand?
Forestry is a significant industry for New Zealand 1.6% of New Zealand’s GDP (Gross Domestic Product) to the employment of around 35,000 people in wood production, processing, and the commercial sector.
How important is the forestry industry to New Zealand?
Forests contribute $6 billion a year to New Zealand’s economy. We rely on sustainable forestry and its related wood processing industries to provide tens of thousands of jobs for New Zealanders, supporting our families and our regions. Forest products are New Zealand’s third-largest export earner behind dairy and meat.
Where is forestry done in NZ?
Hawkes Bay’s forest growing industry is well-established The Hawkes Bay area is in the east of New Zealand’s North Island, south of Gisborne. The region has 130,000 hectares under radiata pine, mostly in private ownership, including corporate forest owners, iwi, farmers and investors like ours.
What are New Zealand forests called?
kauri forests
New Zealand’s land mass is home to some unique forest ecosystems; including kauri forests, kahikatea swamp forests, pōhutukawa forests and mixed broadleaved forests. These support a diverse array of flora and fauna that evolved in the almost complete absence of land mammals.
Who owns New Zealand forests?
The Crown owns most native forests. Through the Department of Conservation, it manages about 5.2 million hectares of New Zealand’s tall indigenous forests for the conservation of biodiversity, heritage, and recreation.
Is forestry a good investment NZ?
Forestry is sustainable. Wood is good. It is a renewable resource and a carbon sink, sequestering and locking in carbon throughout its life. The role that forests play in countering the effects of climate change have never been so important as they are today.
Who owns New Zealand forestry?
Is the forestry industry growing?
The global forestry and logging market size reached a value of nearly $535.96 billion in 2020, having increased at a compound annual growth rate (CAGR) of 0.8% since 2015. The market is expected to grow from $535.96 billion in 2020 to $726.51 billion in 2025 at a rate of 6.3%.
How do NZ forests support biodiversity?
Streams in planted forests support a full range aquatic inhabitants including galaxiids, eels (tuna) and freshwater crayfish (kōura) creating a community similar to native forest streams. Biodiversity in our planted forests make a valuable contribution to New Zealand.
What percentage of NZ is forest?
Today, New Zealand has a total of 10.1 million hectares of forests, covering 38% of the land.
Who sold NZ forests?
Fletcher Challenge Ltd
The Government today sold its shares in Forestry Corporation of New Zealand Limited to a Fletcher Challenge Ltd consortium in a deal which valued the assets at $2.026 billion, Finance Minister Rt Hon Bill Birch said today. This exceeds the book value of $2.024 billion and is a very good price.