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Gross value added

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 8.2 shows that, in 2017, GVA in primary wood processing (sawmilling, panels and pulp & paper) was reported to be £1.48 billion and GVA in forestry was £0.70 billion.

Table 8.2 Gross value added in forestry and wood processing3, 2013-2017

Standard Industrial

Classification (SIC)1

2013 2014 2015 2016 2017
£ million     
Forestry 504 540 658 596 701
Wood products     
Sawmilling 518 356 474 413 437
Panels2 267 436 323 316 363
Secondary products 1797 1955 2477 2850 2597
Total 2582 2747 3275 3579 3397
Pulp, paper &paper products     
Pulp & paper 578 596 738 610 682
Articles of paper & paperboard 3115 3197 2749 2786 2554
Total 3693 3793 3487 3396 3236
Total wood processing 6275 6540 6762 6975 6633
Total primarywood processing 1363 1388 1535 1339 1482

Source: Annual Business Survey (Office for National Statistics, May 2019)

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 99% of the total of SIC codes 16.21 (panels) and 16.22 in 2017.

3. Excludes other wood-using industries.

Additional resources

Sources chapter: Finance & prices

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