Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) expects decrease of future log availability from Australia’s commercial plantations. According to the report Australia’s plantation log supply 2015 – 2059, the average forecast of total plantation log availability is 10% lower, with the average forecast of hardwood log availability 21% lower and softwood log availability 2% lower.
Peter Gooday, acting Executive Director of ABARES,commented:
“The total potential log availability from Australia’s commercial plantation estate is forecast to increase to an annual average of 29.7 million cubic metres in the 2015 to 2019 period. This increase will be followed by a decline to an annual average of 27.0 million cubic metres per year for the 2020 to 2024 period.
The majority of the decline in total log availability is because the expected yield from hardwood plantations is forecast to decline, as plantations of low commerciality are not replanted and some lease agreements with landholders are not renewed. It is estimated that the total commercial plantation estate may decrease by around 80 000 to 100 000 hectares over the next 10 to 15 years.”
The volume of plantation logs harvested from Australia’s plantation estate has consistently grown over the past decade and now account for 85% of all logs harvested in Australia.
Earlier progress in FTA with Indonesia produced concerns for Australia’s forest industries.