Forestry - Papua New Guinea | Statista Market Forecast

The import value in Forestry is projected to amount to US$22.2m in 2024. An annual growth rate of 1.52% is expected (CAGR 2024–2029).
The export value in Forestry is projected to amount to US$670.2m in 2024. An annual growth rate of -2.25% is expected (CAGR 2024–2029).

Definition:

The Forestry market, which is part of the agricultural sector, encompasses the trade value of forest resources, i.e., the economic transactions involved in exchanging various wood-based products – from raw timber to processed wood and paper products. This market presents the import and export values of these commodities.

Structure:

The Forestry market is composed of five principal categories, which reflect the diverse spectrum of forest-derived products. The Raw Materials category includes basic products such as roundwood and wood fuel. The Primary Processed Timber category contains products such as sawnwood and wood charcoal, which are made directly from raw wood. The Engineered Wood Products category comprises advanced materials such as plywood and medium-density fiberboard (MDF). The Pulp & Recovered Materials category covers the whole range of wood pulp varieties and recycled paper products. Lastly, the Paper & Paperboard Products category includes everything from newsprint to various paperboard types that fulfill a broad array of consumer and industrial needs.

Additional Information:

The market comprises trade values, including import and export values. Data is only provided for the countries that are active in the above-mentioned categories. The market only displays B2B values.

Raw materials
Processed timber
Engineered wood products
Pulp and recovered materials
Paper and paperboard products

Non-timber forest products
Forest seeds and saplings
Specialty Papers
Cork products
Rubberwood products

The Forestry market is a vital component of the global economy in that it provides raw materials for a multitude of industries and plays a key role in environmental sustainability. This dynamic market is shaped by various factors.

There is a rising demand for sustainable and eco-friendly wood products, driven by a growing environmental awareness. Consumers are increasingly favoring products from responsibly managed forests that are certified by organizations such as the Forest Stewardship Council (FSC) or the Programme for Endorsement of Forest Certification (PEFC). This trend is propelling the market toward more sustainable practices.

Technological advancements in forestry, such as precision forestry and improved harvesting techniques, are enhancing efficiency and reducing environmental impact. In regions such as Scandinavia, sustainable forestry practices are well established. Emerging economies are seeing rapid growth in forestry activities, which is often fueled by foreign investments and local government policies. In countries such as Canada and Brazil, meanwhile, forestry practices are strongly influenced by local environmental laws and the situation regarding indigenous land rights. These factors dictate how forestry operations are conducted and have implications for market access and sustainability.

Global economic conditions, trade tariffs, and international agreements significantly impact the Forestry market. Demand for wood products is closely tied to the health of the construction industry and the evolution of the paper industry in response to increasing digitalization. In China and the United States, among others, infrastructure development and housing markets are also heavily affecting demand for timber and wood products.

Data Coverage:

The data encompasses B2B enterprises. Figures are based on the import and export values in the Forestry market.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for making forecasts about forestry products due to the non-linear growth of this market, which is mainly due to the direct impact of climate change.

Additional Notes:

The data is modeled using current exchange rates. The impact of the Russia-Ukraine war is considered at a country-specific level. The market is updated once a year.

This report presents a comprehensive analysis and additional information on the Industrial market, in a PDF format.

The egg industry is highly dependent on the health of its chickens. In December 2021, the avian influenza was detected in Canada and subsequently spread to the United States in the beginning of 2022. Wild birds in nearly every state were infected as well as commercial flocks in about half of the United States. This was the first outbreak since 2015 and led to over 50 million birds being killed to prevent further spread, the majority of which were poultry.