"Eucalyptus regnans" is valued for its timber, and large areas of trees have been cut down. The main uses are building timber and woodchipping. It also used for newsprint in the 20th century. Most of the woodchips are sent to Japan. While the area of natural stands with large old trees is rapidly decreasing, large areas of new trees exist. It is increasingly grown in plantations where the long, straight, fast growing trunks are more valuable than the old growth timber.