Indicator 6.1a: Value and volume of wood and wood products (2024) - Supporting information

This is Supporting information for Indicator 6.1a, published October 2024.

The Australian forestry and forest products industries are defined according to the Australian and New Zealand Standard Industrial Classification (ANZSIC) 2006. The forestry industry is equivalent to Division A, Subdivision 3 – forestry and logging. The forest products industry consists of Division C, Subdivision 14 – wood product manufacturing, and Division C and Subdivision 15 – pulp, paper and paperboard manufacturing (Trewin and Pink 2006). Forestry support services are excluded, and are reported separately under agriculture, forestry and fishing support services.

‘Industry value added’ is a measure of economic activity that represents the value added by an industry to its intermediate inputs; that is, the value added to the goods and services other than capital that are inputs to the production process. It is the measure of the contribution by manufacturing to gross domestic product. In this case, ‘industry value added’ omits some downstream parts of the forestry and wood products industries, particularly wholesaling, retailing and value-adding, and thus omits the manufacturing of some commodities.

ABARES (Australian Bureau of Agricultural and Resource Economics and Sciences) (2024). Australian forest and wood products statistics, Production to 2022-23, ABARES series report, Canberra, August. CC BY 4.0. doi.org/10.25814/PZH6-3W22

ABS (Australian Bureau of Statistics) (2022). Australian National Accounts: National Income, Expenditure and Product, cat. no. 5206.0, Canberra; ABS, Australian Industry, cat. no. 8155.0, Canberra.

Trewin D, Pink B (2006). Australian and New Zealand Standard Industrial Classification (ANZSIC) 2006. Cat. no. 1292.0, Australian Bureau of Statistics, Canberra.

Further information

Click here for Key information on 6.1a: Value and volume of wood and wood product (2024), including:

  • Australia’s total log harvest
  • Softwood logs harvested
  • Hardwood plantation logs harvested
  • Hardwood native forest logs harvested
  • Contribution of the forestry and forest products industries

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This publication (and any material sourced from it) should be attributed as: Montreal Process Implementation Group for Australia (MIG) and National Forest Inventory Steering Committee (NFISC) 2024, Indicator 6.1a: Value and volume of wood and wood products, Australia’s State of the Forests Report, Australian Bureau of Agricultural and Resource Economics and Sciences, Canberra, July. CC BY 4.0.