You're making an assumption about how much forest land would be required to support the shipbuilding that doesn't match what we know about Britain's history of forestation:
If I remember correctly quite a lot of British lumber used for shipbuilding from the Elizabethan era on came from Ireland, which was comparatively well forested in the Middle Ages.
You don't need natively forestry so much when you've a subject neighbour to pillage.
https://en.wikipedia.org/wiki/Forestry_in_the_United_Kingdom...