BUSINESS
JAKARTA (FORESTHINTS.NEWS) - According to the latest real-time data from Indonesia's Ministry of Environment and Forestry, after 10 months of negative growth from March to December 2020 - due to the serious impact of the global pandemic - Indonesia's forestry exports moved back into positive territory last month.
With growth in January 2021 of 6.3% and a forestry export value of more than USD980 million, the export value recorded in January 2020 of USD922 million with growth of 2.1% – before the pandemic even began – was significantly outperformed.
As reported by FORESTHINTS.NEWS (Jan 7), by the end of 2020 Indonesia's forestry export growth for the year had declined by less than 5% from 2019 – despite the many challenges posed by the pandemic – and even managed to well exceed the minimum target set by the ministry with an overall export value of over USD11 billion.
The following chart depicts Indonesia's forestry export performance from January 2020 to January this year, indicating that last month the country’s forestry exports achieved positive growth for the first time since the onset of the global pandemic.
Furniture, pulp and paper
Up nearly 16% from the same month last year, with a value of more than USD154 million, the strongest growth in terms of export value in the forestry sector was seen in furniture products.
Despite notching up lower growth than furniture, nearly 7.3% compared to January 2020, the pulp and paper industry accounted for the bulk of last month’s total forestry export value, contributing over USD530 million.
The following chart demonstrates the level of contribution to the value of Indonesia's forestry exports of each product in January 2021, compared to the same month in 2020, with total positive growth reaching 6.3%.
Around USD12 billion expected
Reacting to the positive growth level attained by forestry exports in January 2021, Indonesian Forestry Business Association (APHI) Chairman Indroyono Soesilo told FORESTHINTS.NEWS (Feb 2) that he hopes the value of forestry exports in 2021 will reach a figure of around USD12 billion.
"We need to continue to spur on more woodworking exports, especially in light of the government policy to expand this export base. Woodchip exports also need to be encouraged," he explained.
Growth of woodworking exports in January 2021 was still down compared to the same month in 2020. An improvement in its performance to positive growth in the months ahead will add substantially at a certain level to the value of Indonesia's forestry exports.
The association chairman said he was delighted by the shift into positive growth of export value last month, marking a good start to the year. He also expressed his deep gratitude to the government, and especially to Indonesian Environment and Forestry Minister Siti Nurbaya for her leadership and efforts in the forestry business sector.
During 2020, the forestry sector - both upstream and downstream – was relatively unscathed and managed to keep making a positive contribution to Indonesia’s GDP.
Minister Nurbaya continues to emphasize the need for the upstream and downstream forestry sector to survive and keep growing amid the current difficult situation, in order to avoid lay-offs as much as possible, among other things.
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BUSINESS
JAKARTA (FORESTHINTS.NEWS) - According to the latest real-time data from Indonesia's Ministry of Environment and Forestry, after 10 months of negative growth from March to December 2020 - due to the serious impact of the global pandemic - Indonesia's forestry exports moved back into positive territory last month.
With growth in January 2021 of 6.3% and a forestry export value of more than USD980 million, the export value recorded in January 2020 of USD922 million with growth of 2.1% – before the pandemic even began – was significantly outperformed.
As reported by FORESTHINTS.NEWS (Jan 7), by the end of 2020 Indonesia's forestry export growth for the year had declined by less than 5% from 2019 – despite the many challenges posed by the pandemic – and even managed to well exceed the minimum target set by the ministry with an overall export value of over USD11 billion.
The following chart depicts Indonesia's forestry export performance from January 2020 to January this year, indicating that last month the country’s forestry exports achieved positive growth for the first time since the onset of the global pandemic.
Furniture, pulp and paper
Up nearly 16% from the same month last year, with a value of more than USD154 million, the strongest growth in terms of export value in the forestry sector was seen in furniture products.
Despite notching up lower growth than furniture, nearly 7.3% compared to January 2020, the pulp and paper industry accounted for the bulk of last month’s total forestry export value, contributing over USD530 million.
The following chart demonstrates the level of contribution to the value of Indonesia's forestry exports of each product in January 2021, compared to the same month in 2020, with total positive growth reaching 6.3%.
Around USD12 billion expected
Reacting to the positive growth level attained by forestry exports in January 2021, Indonesian Forestry Business Association (APHI) Chairman Indroyono Soesilo told FORESTHINTS.NEWS (Feb 2) that he hopes the value of forestry exports in 2021 will reach a figure of around USD12 billion.
"We need to continue to spur on more woodworking exports, especially in light of the government policy to expand this export base. Woodchip exports also need to be encouraged," he explained.
Growth of woodworking exports in January 2021 was still down compared to the same month in 2020. An improvement in its performance to positive growth in the months ahead will add substantially at a certain level to the value of Indonesia's forestry exports.
The association chairman said he was delighted by the shift into positive growth of export value last month, marking a good start to the year. He also expressed his deep gratitude to the government, and especially to Indonesian Environment and Forestry Minister Siti Nurbaya for her leadership and efforts in the forestry business sector.
During 2020, the forestry sector - both upstream and downstream – was relatively unscathed and managed to keep making a positive contribution to Indonesia’s GDP.
Minister Nurbaya continues to emphasize the need for the upstream and downstream forestry sector to survive and keep growing amid the current difficult situation, in order to avoid lay-offs as much as possible, among other things.
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