New report highlights forestry’s contribution to Tasmania and provides a roadmap for future growth
A new report commissioned by Forest and Wood Products Australia (FWPA) provides compelling evidence of the significant contribution Tasmania’s forestry industry makes to the state economy, regional communities and supply chains, while equipping industry with practical insights to support future growth. Based on independent analysis by BDO, the report quantifies the economic contribution of Tasmania’s forestry industry in 2023/24 and forecasts performance through to 2025/26.
The findings reinforce the importance of forestry as a major economic contributor and employer, with activity extending far beyond the forest gate. The report examines the full forestry value chain, including growers, harvesting and haulage contractors, silviculture businesses, processors, transport operators, wholesalers and retailers.
A major contributor to Tasmania’s economy
The report found Tasmania’s forestry industry contributed approximately $1.47 billion to gross state product (GSP) in 2023/24, representing around 4 per cent of the state economy. The industry also supported 7,590 full-time equivalent jobs and generated an estimated $2.87 billion in total output, with $660 million in household income flowing to Tasmanian workers and families.
Importantly, almost half of all jobs supported by the sector occur through flow-on effects across the supply chain and broader economy, highlighting forestry’s role as a catalyst for regional economic activity.
Key findings
$1.47 billion contribution to Tasmania’s economy (GSP)
7,590 jobs supported across the state
$2.87 billion in total industry output
$660 million in household income supported
Evidence that supports better decision-making
For FWPA members, the value of the report extends beyond the headline numbers. The analysis provides a trusted and independent evidence base that can be used to support investment decisions, workforce planning, stakeholder engagement, market development activities and regional economic discussions.
The report also examines contributions from softwood plantations, hardwood plantations and native forests, providing a comprehensive picture of the industry’s breadth and value. It further considers broader forestry benefits, including carbon credits and other non-timber values associated with forestry operations.
Strengthening the industry story
As Australia’s forest and wood products industry services company, FWPA invests in data, research and market intelligence that help members communicate value and make informed decisions. This latest report demonstrates FWPA’s commitment to providing credible, evidence-based insights that strengthen industry understanding and support a more confident conversation about forestry’s contribution to Tasmania.
Looking ahead, the report forecasts industry performance through to 2025/26, offering valuable insights into future opportunities and helping stakeholders plan for sustainable growth. By demonstrating the scale of forestry’s contribution and the benefits it delivers across regional communities, the report provides a strong foundation for building market confidence, encouraging investment and growing demand for Tasmanian forest and wood products.
