Waikato regional economic profile - Waikato Regional Council

Figure 39: Location quotient and employees– forestry & loggingFigure 40: Location quotient and employees– wood & paper manufacturingThe combined exports of forestry and wood related products earned New Zealand $4.6billion in the year to March 2011, putting these combined exports in third ranking aheadof either meat or food excluding dairy according to a 2011 report. Furthermore, forestryand wood related products accounted for 13.3 per cent of New Zealand’s total goodsexports. 92A forest industry strategic study in June 2011 identified strong support for a panindustrystrategy and a mandate for the Wood Council of New Zealand Inc to developone. 93 The resultant New Zealand Forest and Wood Products Industry Strategic ActionPlan was released in March 2012. The vision for the plan is for annual export earningsto more than double to $12 billion in the 10 years to 2022, from a New Zealand forestand wood products industry that is: delivering innovative wood-based solutions from a sustainable resource to meetour customers’ needs manufacturing a range of high-value, fibre-based products, including newbiochemical and biofuel value streams recognised as a world-leader in timber-engineered building solutionsunderpinned by forest growing as a valued and profitable land userecognised as a key New Zealand growth industry, delivering strong economicand environmental benefits connected and collaborative across the value chain, from end-product toseedling92New Zealand Institute of Economic Research Inc (2011, p. ii).93Hilliard et al (2011, p. 3).Page 36 Doc #: 2069885