New WOOD MARKETS five-year forecast calls for more volatility as North American and global lumber markets continue to recover and grow
In WOOD MARKETS’ new five-year forecast, the good news is that North American and global economies as well as softwood lumber markets are forecast to continue expanding in 2015 and even faster in 2016 and 2017. At the same time, there is a continued tightening of the economic wood supply available from North America’s forests.
The bad news is that the key North American and Chinese markets have been growing at a slower rate than was previously expected and the rate of log and lumber production increases have caught up to the market’s demand, creating some short-term weakness or concerns.
These details and further analysis of commodity lumber and panels was released today in the report, WOOD MARKETS 2015 – The Solid Wood Products Outlook: 2015 to 2019 by International WOOD MARKETS Group, Vancouver BC.