Forestry Support Services in Australia - Industry Market Research Report

Forestry Support Services in Australia
Demand for forestry services has been mixed in recent years due to the COVID-19 outbreak. Revenue has diminished as fewer new plantations have been established and native forest logging rates have fallen. The Forestry Support Services industry provides essential plantation, maintenance, and research services to the forestry sector. Ripples from the collapse of forest-managed investment scheme (MIS) plantations have continued to weigh on industry performance in 2023-24. Forest and logging demand has plummeted, with international trade for wood products tanking and domestic wood use collapsing alongside many construction companies. Rising economic activity in recent years has steadied the revenue decline to an expected average annual 2.3% over the five years to 2023-24 to reach an estimated $888.6 million. This drop includes an expected dip of 0.6% in 2023-24. Many industry providers have moved away from starting up new plantations and towards replanting and other services to strengthen their revenue generation.

Firms in the industry provide a range of support services to forestry enterprises. These services include forest reafforestation, conservation or plantation maintenance on a fee or contract basis. The industry also includes companies that operate forest nurseries and provide forestry research and consultancy services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.