Forestry is Brexit-prone

Warning of Brexit shock for fast expanding forest sector.

A hard Brexit could unleash a perfect storm on Ireland’s forestry sector.

Almost 80% of wood-based panel exports and 70% of sawn timber exports go to the UK. 

And markets could come under pressure from an anticipated increase in roundwood supply over the next two decades, from a current annual production of almost four million cubic metres to eight million by 2035.

“Most of this increase is expected to come from private forestry owners, and the current expectations are that the vast majority of the timber is destined for the UK market,” said Agriculture Minister Michael Creed last week, answering a Dail question from Wicklow Fianna Fail TD Stephen Donnelly.

Mr Creed said the Government remains focused on supporting the forestry sector through the challenges ahead, including those related to competitiveness, potential extra competition, and reduced demand from the UK market.

More in this Section

National Reserve fund in 2018 will be about €3.5m

Bandon land could make €15,000 an acre

Karen Walsh: Don’t mention the money!

Much expected from grass data centralisation


Today's Stories

Patient with neurological condition given hospital appointment in ... 2024

Clerical child sex abuse audit can’t trace 67 accused

‘Black Widow’ Catherine Nevin dies after brain tumour battle

Firms in court over fish kill during flood works

Lifestyle

The biggest cancer killer will take your breath away

Hopefully she had an idea...

Power of the press: Meryl Streep and Tom Hanks discuss 'The Post'

More From The Irish Examiner