Knock on wood: Strong demand from construction markets has caused revenue to rise

The Fabricated Wood Manufacturing primarily produces reconstituted wood products that are used in building construction, or furniture and joinery product woes. While trends in the downstream building and manufacturing markets influence the industry’s performance, the industry’s local production capacity greatly exceeds domestic demand. As a result, demand from export markets heavily influences the industry’s performance. Demand from Japan has a particularly strong influence as it accounts for over half of the industry’s export sales. Other factors also influence the industry’s performance, such as the availability of plantation trees, the domestic price of timber and the strength of the New Zealand more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Robust demand from the local building market has supported solid sales growth
  • Domestic timber prices have risen and the NZ dollar has appreciated, reducing price-competitiveness
  • Weak demand from housing construction is projected to constrain growth in domestic demand
  • Industry Report - Industry Investment Chapter

    The Fabricated Wood Manufacturing industry is moderately capital intensive. Large-scale reconstituted wood product manufacturers dominate the industry. These companies use highly-automated mass production processes that were commissioned more than ten years ago. Despite the industry substantially relying on capital equipment, it only incurs moderate depreciation charges at an estimated 1.8% of revenue. Manufacturers have installed computer-aided design (CAD) and computer-aided manufacture (CAM) software into their operations over the past five years. However, this trend has not strongly affected the capital intensity of production. Many of the industry’s small-scale fabricating firms operate with a higher degree of labour intensity, particularly those that manufacture bespoke products...purchase to read more.

    Additional Insights for the Fabricated Wood Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Fabricated Wood Manufacturing are:

  • Upstream vertical integration (ownership links)
  • Supply contracts in place for key inputs
  • Optimum capacity utilisation
  • IBISWorld analysts also discuss how external factors such as Dwelling commencements and Availability of plantation trees in the Fabricated Wood Manufacturing industry impact industry performance..

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    What's in this report

    What is the Fabricated Wood Manufacturing in New Zealand Industry?

    Industry operators manufacture wood boards and sheets from reconstituted wood fibres, such as wood chips, sawdust, wood shavings, timber slabs and off-cuts. Firms that manufacture timber and non-timber laminates are also included in the industry.

    Industry Products
  • Medium-density fibreboard (MDF)
  • Particleboard
  • Other fibreboard
  • Industry Activities
  • Chipboard
  • Corestock
  • Fibreboard
  • Hardboard
  • Laminations of timber and non-timber materials
  • Medium-density fibreboard (MDF)
  • Oriented strand board (OSB)
  • Particleboard manufacture
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Dwelling commencements
  • Availability of plantation trees
  • Domestic price of timber
  • residential construction capital expenditure
  • Capital expenditure on residential buildings
  • Real household discretionary income

  • Current Performance
  • Profitability and competitiveness
  • Robust building activity
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand softens in the housing market
  • Profitability and competition
  • Table: Fabricated Wood Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fabricated Wood Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Wooden Structural Fitting and Component Manufacturing in New Zealand
  • Furniture Manufacturing in New Zealand
  • House Construction in New Zealand
  • Multi-Unit Apartment and Townhouse Construction in New Zealand
  • Timber Wholesaling in New Zealand
  • Institutional Building Construction in New Zealand
  • Hardware and Building Supplies Retailing in New Zealand

  • Key Selling Industries
  • Forestry and Logging in New Zealand
  • Polymer Film and Sheet Packaging Material Manufacturing in New Zealand
  • Wood Chipping in New Zealand

  • Products & Services
  • Medium-density fibreboard (MDF)
  • Particleboard
  • Other fibreboard
  • Chart: Fabricated Wood Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Export markets
  • Building contractors
  • Manufacturers
  • Retailers and wholesalers
  • Chart: Major Market Segmentation for the Fabricated Wood Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Fabricated Wood Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fabricated Wood Manufacturing Industry

  • Industry Globalization
    Juken New Zealand Limited, Fletcher Building Limited, Daiken New Zealand Limited, Dongwha New Zealand Limited, Sumitomo Forestry NZ Limited,
  • Table: Juken New Zealand Limited - financial performance
  • Table: Fletcher Building Limited - financial performance
  • Table: Daiken New Zealand Limited - financial performance
  • Table: Dongwha New Zealand Limited - financial performance
  • Table: Sumitomo Forestry NZ Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fabricated Wood Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fabricated Wood Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Medium-Density Fibreboard (Mdf)
  • A reconstituted wood product manufactured by applying high heat and pressure to a mixture of softwood and wood fibres mixed with resin.
  • Oriented Strand Board (Osb)
  • A flat hardboard product similar to particleboard that is formed by layering wood strands (flakes) with adhesives in a specific orientation.
  • Particleboard
  • A reconstituted wood product made from wood chips and shavings, mixed with resin and combined under high pressure.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fabricated Wood Manufacturing in New Zealand market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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    This report on Fabricated Wood Manufacturing in New Zealand:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fabricated Wood Manufacturing in New Zealand market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fabricated Wood Manufacturing in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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