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Global Forestry And Logging Is Growing At Nearly 10% Year On Year

The market for forestry and logging products is the smallest segment in the global rural activities market, behind support services for agriculture and forestry and fishing, hunting and trapping. However, it is growing at 9.2% year on year; growth in the other two segments is somewhat less impressive. By 2021 forestry and logging will be worth $529 billion dollars a year.

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The rural activities market itself is the smallest segment of the agricultural market, worth only a little more than 10% of the total behind crops at 56% and animal produce at 33%, but it is the fastest-growing segment, achieving 7.6% year on year against 7.2% for crops and 3.9% for animal produce, a report from The Business Research Company shows. As a result, the global market will grow from its current level of $1.8 trillion to $2.4 trillion in 2021.

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Asia Pacific is not only by a long way the largest, but is also the fastest-growing of the regional rural activities markets. Sales of rural activities’ outputs in the region are currently worth $783 billion but will be worth $1.1 trillion in 2021.

The markets in Africa and Western Europe are the second and third biggest; Africa has recently seen a spurt, from 5.9% year on year to 7.3%, but Western Europe has seen a decline in growth from 6.6% to 3.9% annually.
The rural activities market in China is the world’s largest by far – worth 27.4% of the total – and its solid growth means it will gain more in $ sales between now and 2021 than any other country. The USA’s will gain 9.2 $ billion, India’s $55.7 billion, but China’s a whopping $133 billion.

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News Release: Global Forestry And Logging Is Growing At Nearly 10% Year On Year
Submitted on: March 01, 2018 05:08:26 AM
Submitted by: Oliver
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