WPMA navigates economic headwinds

The Wood Processing and Manufacturing Association’s (WPMA) 2024-25 financial year report documents a period of significant economic challenge for the New Zealand sector, balanced by strong advocacy and export growth.

The Domestic Challenge

The domestic market for timber sales was profoundly flat, with some commentators branding it the worst market seen in years. The sector faced major headwinds: building consents dropped by 25%, and government cancellations of construction and infrastructure projects further constrained demand in an effort to curb Crown debt.

Export markets provide momentum

In stark contrast, export markets offered momentum and opportunity. The sector’s global focus yielded strong results, as evidenced by Stats NZ reporting a significant 42% increase in exports of logs, wood, and wood articles for April 2025 compared to April 2024.

Policy and advocacy

In parallel with market activities, WPMA maintained intensive engagement with new policy initiatives on behalf of the sector. The association actively submitted to more than twenty legislative and regulatory proposals released by the government. This extensive advocacy covered critical industry issues, including new trade agreements, settings for migrant workers, energy policy, and resource consent reform.

WPMA’s core activities and further financial year highlights are detailed within the 2024-25 Annual Report.

Source & image credit: WPMA