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In 2018, the GVA of forestry decreased by 2.1% in volume and increased by 5.3% in value. In 2019, the trade balance of forest products remained at 2.6 billion Euros
Economic accounts for forestry
In 2018, the GVA of forestry decreased by 2.1% in volume and increased by 5.3% in value. In 2019, the trade balance of forest products remained at 2.6 billion Euros - 2018
23 June 2020

Summary

In 2018, Gross Value Added (GVA) of Forestry decreased 2.1% in volume and increased 5.3% in value, influenced by a significant increase in Intermediate Consumption (IC), in volume and value (+10.1% and 15. 7%, respectively). There was a nominal increase in Forestry Production (+8.3%), mainly due to Cork (+25.1%) and Forestry Services (+21.7%), which more than compensated the decrease in wood production (-3.1%), after the high supply of wood observed in the previous year, following the major forest fires in June and October 2017. The large increase in IC was mainly determined by forestry services (namely cleaning and forest felling operations, leftovers removals and construction of fire breaks paths).


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