Gross value added (GVA) measures the contribution to the economy of each individual producer, industry or sector in the United Kingdom. It is the difference between the value of outputs and the value of intermediate consumption, so mainly comprises employment costs and profits.

The Annual Business Survey (ABS) carried out by the Office for National Statistics (ONS) includes statistics on gross value added for different industries, classified using the UK Standard Industrial Classification (SIC 2007). Further information on the ABS is available from the ONS website.

Table 8.3 shows that, in 2016, GVA in primary wood processing (sawmilling, panels and pulp & paper) was reported to be £1.52 billion and GVA in forestry was £0.59 billion.

Table 8.3 Gross value added in forestry and wood processing³, 2012-2016

^{Source: Annual Business Survey (Office for National Statistics, May 2018)}

^Notes:

^{1. Categories are based on the UK Standard Industrial Classification (SIC 2007)categories.
Further details on the SIC codes used are provided in the Sources: Employment and businesses page.}

^{2. The 2013 to 2016 figures for panels have been suppressed in the figures released by ONS, so the figures here cover both panels and the manufacture of assembled parquet floors (SIC 16.22) for those years. Panels accounted for 98% of the total of SIC codes 16.21 (panels) and 16.22 in 2012.}

^{3. Excludes other wood-using industries.}

Additional resources

Sources chapter: Finance & prices