Background and Introduction
The forest industry in Australia contributes to jobs, economic activity and social wellbeing in multiple regional communities and state economies. This contribution results from the growing, harvesting of plantations, and primary and secondary processing of logs into wood products such as sawn timber for use in construction, appearance products such as flooring and decking, woodchips for export, pulp and paper. FWPA conducted a study to analyse the economic contribution of the forest industry in Victoria for the 2021-22 and 2022-23 financial years.
Project Objectives
- Understanding the economic activity of Victoria’s forestry industry across both primary and secondary processing.
- Measure economic contributions of the forestry industry in Victoria, including key parameters such as total output, household income, and employment.
Project Activities
- Data collection: Through businesses across the forestry industry supply chain to ensure comprehensive coverage of both primary and secondary processing activities.
- A workshop with key industry representatives: To validate and identify economic activities and economic activities and to agree on robust and transparent methodologies for measurement.
- Ongoing engagement with stakeholders, including relevant companies, industry associations, and other partners, to discuss key findings, gather feedback, and build consensus around the outcomes.
Project achievements & benefits to industry
This report provides a comprehensive summary of the findings related to socio-economic factors for the forestry industry in Victoria and its major regions. It serves as a key reference for the industry by offering detailed insights into economic contributions, regional dynamics, and supply chain activities. The information is intended to support forestry businesses, associations, and stakeholders in shaping strategic directions and informing evidence-based decision-making. By consolidating data and analysis, the report also aims to enhance understanding of the industry’s role within the broader Victorian economy for future planning and investment.
