by Web Editor | Feb 1, 2017 | News
Market participants in the North American wood products market are once again cautiously optimistic as they look to 2017. This caution continues to pervade the wood products markets as uncertainty from the ongoing softwood lumber trade negotiations between the USA and Canada, the uneven U.S. housing recovery and the potential for further OSB restarts stifle optimism.
Market participants seem to be gearing up for what they believe will be yet another year of modest demand growth with ample supply availability. This will likely result in cautious inventory buying behavior early in the year. However, 2017 could easily surpass these cautious expectations, which could result in an insufficient inventory buffer as demand powers higher both cyclically and seasonally in late spring and throughout the summer.
Buyers adopted a conservative inventory strategy in 2016 in response to recent market performance and restrained expectations. Unmet price expectations in the North American OSB market in 2013 and more recently in the softwood lumber market in 2015 translated into debilitating inventory losses.
Fresh memories of inventory losses combined with guarded optimism about housing (traders fully in the show-me mode), the OSB industry still acclimating to the startup of over 4.5 BSF of OSB capacity, and the uncertainty surrounding the outcome of the softwood lumber trade negotiations between the USA and Canada drained enthusiasm for building inventories in 2016.
From Building-Products.com: https://www.building-products.com/January-2017/2017-Good-Signs-in-Wood-Products/
by Web Editor | Sep 14, 2016 | News
Research and Markets has announced the addition of the “U.S. Hardwood Veneer And Plywood Market – Analysis And Forecast to 2020” report to their offering.
The report provides an in-depth analysis of the U.S. hardwood veneer and plywood market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
From 2007 to 2015, U.S. hardwood veneer and plywood market showed mixed dynamics. A significant drop in 2009 was followed by steady growth over the next six years. Finally, the market value reached 4,848 million USD in 2015. An increase in U.S. hardwood veneer and plywood market was supported by the growth of the housing and commercial building sectors and, as a result, the furniture sectors increased as well. That upward trend is likely to continue in the medium term.
Strong employment is the driver of market growth, which creates new income growth and advances consumer spending.
Affordable credit creates another impetus, which propels investments in construction and supports related industries. The performance of the market is forecast to continue with moderate growth, with an anticipated CAGR of +2.6% for the five-year period from 2015 to 2020.
From Yahoo.com: https://sports.yahoo.com/news/united-states-hardwood-veneer-plywood-111900041.html
