Data from the Food and Agricultural
Organisation (FAO) of the United Nations has shown that Asia-Pacific region,
especially China, takes the leading position in the global forest products
industry.
The forest industry also grew by 1
to 4 per cent in 2011 as against 2010 which signifies that countries globally
are coming out of the recession slowly.
Whereas the new data shows that
production of wood-based panels and paper in 2011 was above the pre-crisis
levels of 2007 and appears to be growing relatively strong in some regions.
Nigeria records highest deforestation rate
Investigations by NaijaAgroNet
revealed that Nigeria is one of the countries on the continent that has the
highest rate of deforestation, recording about 2.6 per cent annually. And as at
2004, Nigeria has 693,000 hectares of forest plantations.
Within the time under review for
Nigeria had as at 2004, contributed about 1.3 - 3 per cent to the nation’s Gross
Domestic Product (GDP) and account for a larger part of domestic energy, food
and medicinal supply, which were not fully represented in the formal national
statistics.
The increase in deforestation in
the country has over the years worsen by livestock grazing, soil erosion,
drought, desertification and growing demand for cropland, thus, greatly putting
the state of forest of the nation’s under threat.
China leads global forestry business
However, leading the forestry
industry is the Asia-Pacific region with China as the world's second largest
producer of samnwood after United State of America, thereby overtaking Canada.
Notable is that in 2011 alone,
China contributed 11 per cent of the world's sawnwood, 38 per cent of its
panels and 26 per cent of its paper, hence it played a key role in the international
forest products market, even as the Asian country also claimed the fifth
largest importer of paper and paperboard after recording a huge increase in
domestic production since 2007.
Also in 2011, China imported forest
products worth $43 billion, about N6.79 trillion, accounting for 16 per cent of
the global total imports.
The forest product statistics
database by the United Nations' agency contains 1.2 million entries and cover
production and trade of 52 products, 21 product groups of 245 countries and
territories.
Meanwhile the Russian Federation
that have the largest forest in the world has experienced decline in industrial
round wood export in the last five years. The decline, NaijaAgroNet further
gathered stood at about 60 per cent with an increase in sawnwood production by
8 per cent over the same period.
Calls on investors to look into forestry
Meanwhile the International
Institute for Environment and Development (IIED) in the last quarter of 2012,
said that the investment guideline that was originated from The Forests
Dialogue (TFD) on behalf of Growing Forest Partnerships and with the support of
IIED, for forest business would give a high return on investment if followed.
In the same vein the IIED forest
team head, Duncan Macqueen called on investors to venture into locally
controlled forest that it offers triple investment returns and that people
depending on forest for survival would have a secured income streams, making it
a win-win situation for the investors as well as the forest managers and
owners.
A report by the United Nations
Environment Programme (UNEP) for the third quarter of 2012 revealed that if
about 0.034 per cent of the global Gross Domestic Product (GDP), which amount
to about N6.24 trillion is being spent on forest on a yearly basis would give
an estimation of 5 million jobs globally and a high return on investment.
UNEP in the report advised that
finance can be sourced from both public and private sectors using approach that
pay landowners for maintaining the ecosystems.
Yinka Awosanya/LS
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