Tuesday August 26, 2008

Exports pose opportunity for Australian sawn timber producers

The Australian sawn timber industry is experiencing a major shift from import dependence to export orientation, according to leading independent economic forecaster and industry analyst, BIS Shrapnel. In the last decade there has been a significant reduction in sawn timber imports while exports have grown rapidly.

Sawn Timber in Australia, 2008 to 2022 reports on the significant differences in the hardwood and softwood sawn timber sectors and found that Australian producers of sawn timber are currently in a position where they can comfortably supply most of the domestic market. BIS Shrapnel believes that due to more favourable exchange rates and international conditions expected in 2009, the time is right for Australian sawn timber producers to go after overseas markets.

Contact: Bernie Neufeld