Australian Forest Products Industry Growth to Accelerate
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The Australian forest products industry had total revenues of $10,939.7 million in 2011, representing a compound annual rate of change (CARC) of -0.1% between 2007 and 2011, according to a new report by Research and Markets, Dublin, Ireland, titled Forest Products in Australia. Industry consumption volumes decreased with a CARC of -0.5% between 2007 and 2011, to reach a total of 37.5 million cubic meters in 2011.
The forest products industry considered in this study consists of industrial roundwood, sawnwood, wood panels and sheets, and wood fuels. It excludes "roundwood," i.e., trees after harvesting but before significant processing. Itt also excludes pulp, card, paper, and similar downstream products.
The report notes that performance of the industry is forecast to accelerate, with an anticipated compound annual growth rates (CAGR) of 8.4% for the five-year period 2011-2016. This is expected to drive the industry to a value of $16,363.4 million by the end of 2016.
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