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Vol. 02 · New Zealand
MONDAY 06/07/2026
Iss. 2026 / 28
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NZ PINE BRAND · FORESTRY TRADE

NZ Pine Brand Targets Higher Forestry Export Margins to Meet Doubling Goal

New Zealand forestry exports totalled $6.28 billion in the year ended December 2025, forming the starting point for a government target to double primary sector export value within a decade at a required 7.2 percent compound annual growth rate.

Fiscal Desk12/06/2026 · 10:41 NZT7 min read
TradeBreaking
FD
Fiscal Desk
Fiscal Policy Correspondent · 12/06/2026 · 10:41 NZT · 7 min read
Radiata pine plantation forest in Auckland, New Zealand — the species that makes up 90–95% of NZ's production forests

At a glance

NZ Pine brand, launching early 2027, aims to shift forestry earnings toward value-added products — which already yield 40% of revenue from just 15% of export volume.

Key stats

Forestry exports
$6.28B
yr ended Dec 2025
Logs & poles share
54%
$3.4B
China share
55%
of total exports
Value-added revenue
>40%
from 15% of volume
GDP contribution
1.2%
$3.5B
Jobs supported
~42,000
Required CAGR
7.2%
to double in 10 yrs
"Global customers now expect more than quality timber - they want to understand where their products come from, and how they perform."Todd McClay, Forestry Minister

Sources cited

  • Wood product markets data — Ministry for Primary Industries
  • Forestry and wood processing data — Ministry for Primary Industries
  • Food and fibre exports set to hit record $64.3 billion — Beehive.govt.nz
  • FEU Special Topic: Medium-term outlook for forestry exports — The Treasury
  • NEFD 2025: What it means for the forestry sector in NZ — Innovatek
  • The wood processing sector in New Zealand — Ministry for Primary Industries
  • Doubling the value of primary sector exports — Ministry for Primary Industries

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All trade →

New Zealand forestry exports totalled $6.28 billion in the year ended December 2025, forming the starting point for a government target to double primary sector export value within a decade at a required 7.2 percent compound annual growth rate.

The Ministry for Primary Industries reported forestry exports of $6.28 billion for the year ended December 2025. Logs and poles accounted for 54 percent or $3.4 billion. Sawn timber contributed 18 percent or $1.2 billion. Wood pulp made up 11 percent or $0.69 billion.

China took 55 percent of total forestry exports. The same market absorbed 90.5 percent of log shipments in the year to September 2024 according to Treasury analysis.

Forestry Minister Todd McClay announced the NZ Pine brand on 11 June 2026. The voluntary industry-led initiative will create a single identity for purposefully grown radiata pine from actively managed plantations.

"Global customers now expect more than quality timber - they want to understand where their products come from, and how they perform."

The brand will be supported by a government-backed administrative standard administered by the Ministry for Primary Industries. Rollout is scheduled for early 2027.

Value-Added Products: 15% of Volume, 40% of Revenue

Value-added wood products already represent 15 percent of export volumes yet generate more than 40 percent of revenue, close to $3 billion. The NZ Pine framework aims to expand this share by improving traceability and sustainability credentials for international buyers.

Treasury noted in its medium-term outlook that limited domestic processing capacity constrains further gains even as global wood demand is projected to exceed supply. The branding approach seeks to premiumise output rather than increase raw log volumes alone.

Sector Scale and the Doubling Ambition

Radiata pine comprises 90 to 95 percent of New Zealand's 1.82 million hectares of net stocked production forest as of April 2025. The sector contributes $3.5 billion or 1.2 percent to GDP and supports around 42,000 jobs.

Food and fibre exports overall are forecast to reach a record $64.3 billion in the year to 30 June 2026. Forestry ranks as the fourth-largest earner within that total.

NZ Forestry Export Revenue by Category (yr ended Dec 2025)
Logs and poles dominate at 54% of total exports, underscoring the case for shifting volume toward higher-margin processed products.
Source: Ministry for Primary Industries, Wood product markets data

Fiscal and Regulatory Design

The voluntary nature of the NZ Pine standard minimises new regulatory costs while responding to buyer demands for verified supply chains. This market-driven mechanism aligns with efforts to lift export earnings without expanding government spending programmes.

Higher export revenues from premium positioning would increase taxable income across growers, processors and exporters. That outcome supports the Crown's fiscal position through additional company and income tax receipts.

The early-2027 launch provides industry participants with a defined timeline to prepare documentation and marketing materials ahead of the next harvest cycle.

Success will be measured by measurable shifts in average export prices and reduced concentration risk beyond the current 55 percent China share.