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
by Web Editor | Sep 7, 2016 | News
The log yard is filled with two months’ worth of inventory and activity is humming at Columbia Forest Products’ veneer plant, east of North Bay. After being mothballed for five years, operations at the hardwood veneer mill in Rutherglen resumed April 18 running one shift of 52 employees.
Without delving into production numbers, mill manager Peter Loy said since the reopening, things have gone well as the operation continues to its ramp-up toward full production.
Heading into 2016, Northern American veneer demand wasn’t exactly bursting at the seams, but it had improved sufficiently enough for Columbia to make the decision to restart the 100,000-square-foot mill it had shuttered in 2010.
Loy said it’s difficult to forecast if the veneer markets will show signs of improvement over a sustained stretch. “Nobody can look forward any more than a few months and say, ‘it’s going to be a banner time’ or ‘no, we’d better think about slowing down.’ Historically, there’s a cycle to appetites through the year and typically it slacks off toward the end of the year and picks up early in the new year. It has to do with inventories and costing over the year-end.”
The U.S. remains the No. 1 global importer of hardwood veneer. “One of our largest competitors for our end product, being plywood, is China,” said Loy. “And they’ve eaten up a whole lot of market share in North America with their imports. As far as veneer goes, they’ll always be imports for sliced and specialty woods – things like that – but it’s not a big bite of our lunch.”
From Northern Ontario Business: https://www.northernontariobusiness.com/Industry-News/forestry/2016/09/Veneer-mill-thrives-amid-market-uncertainty.aspx
by Web Editor | Aug 17, 2016 | News
The 2016 Structural Panel & Engineered Wood Yearbook has been released by APA – The Engineered Wood Association. The yearbook includes an analysis of the U.S., Canadian, and global economies, focusing on factors that impact demand for engineered wood products across several market segments as a basis for forecasting expected production of engineered wood products over the next five years. Besides the analysis and forecast, the yearbook also includes historical data on engineered wood production. Topics examined in the yearbook include:
• U.S., Canada, and World economies
• Residential construction in the U.S. and Canada, new and repair/remodel
• Nonresidential and industrial markets
• North American imports and exports
• Outlook and production statistics for structural panels (OSB and plywood), including historical data
• Engineered wood product demand and production (glulam, I-joists, and LVL)
Driven by healthy employment gains over the last three years, annual household growth in the U.S. is back to the 1.2 million level, with demand for new housing units also back to the 1.5–1.6 million unit level. Buoyed by low interest rates, which are expected to remain below 4 percent for most of 2016, construction of new single-family homes in the first quarter of 2016 was up almost 5 percent from the pace of the fourth quarter of 2015, the highest quarterly starts rate since the fourth quarter of 2007. While demand is high in the U.S., the primary concern for the rest of 2016 and for the next several years is the ability of the supply-side forces to respond to this improvement. Home builders report that factors including a lack of developed lots and the shortage of skilled construction labor have combined to constrain their ability to respond to the increased demand for housing. Eventually these constraints will lessen; housing starts are projected to return to approximately 1.5 million units by decade’s end, with a concurrent growth in engineered wood products output ranging from 19–28 percent during this period.
From Woodworking Network: https://www.woodworkingnetwork.com/news/almanac-market-data/apa-releases-2016-structural-panel-engineered-wood-yearbook?ss=news,news,woodworking_industry_news,news,almanac_market_data,news
by Web Editor | Aug 5, 2016 | News
From: Panel World Staff
While housing starts in the U.S. ran at a seasonally adjusted annual rate of 1.17 million units in the second quarter, and Canadian housing starts ran at 198,000 units, North American structural panel production and apparent consumption rose 6% and 6.6%, respectively, in the second quarter compared to the first quarter. Relative to the second quarter of 2015, North American structural panel production was up 6.5%, and consumption increased 8.1%, according to data reported by APA—The Engineered Wood Assn.
Compared to the first quarter of 2016, North American glulam production rose 4.7% in the second quarter. I-joist production increased 4.1% and LVL output rose 3.9%. On a year ago quarter basis, glulam production was up 6.7%, while I-joist and LVL production increased 4.5% and 9.4%, respectively.
OSB production in North America increased 6.5% in the second quarter versus the first quarter, and was up 7.8% from the second quarter of 2015. First half production totaled 10.775 billion SF, up 7.5% from the first half of 2015.
North American plywood production was up 4.9% in the second quarter versus the first quarter, and was up 3.9% from the
second quarter of 2015. Plywood production in the first half of 2016 was 1.2% greater than the first half of 2015. Led by a 7.4% increase in the South, U.S. plywood production jumped 5% in the second quarter versus the first quarter, and was up 4.6% from the second quarter of 2015. Canadian production increased 4.9% in the second quarter, and was up 0.6% from the second quarter of 2015.
Read more on this in the July 2016 issue of Panel World…
by Web Editor | Aug 1, 2016 | News
The Environmental Protection Agency rolled out a formaldehyde emission standard, working with the California Air Resources Board (CARB) in setting the rules that are mandated by Congress.
The EPA moved to reduce exposure to formaldehyde vapors from laminate panel and engineered wood products produced domestically or imported into the United States. The agency worked with the California Air Resources Board to make its final national rule consistent with California requirements for composite wood products.
One year after the rule is published, composite wood products that are sold, supplied, offered for sale, manufactured, or imported in the United States will need to be labeled as TSCA Title VI compliant. These products include: hardwood plywood, medium-density fiberboard, particleboard as well as household and other finished goods containing these products.
The action was triggered in large part by discovering that Lumber Liquidators’ flooring supply from China has been labeled CARB compliant though it was not. Lumber Liquidators has since settled with CARB and the Consumer Products Safety Commission over its liability for the matter. The new rule requires other sellers of laminate panel to meet the CARB standards for formaldehyde exposure.
EPA says the new rule will level the playing field for domestic laminate flooring manufacturers who have a high rate of compliance with the California standard and will ensure that imported products not subject to California’s requirements will meet the new standard and thus, not contain dangerous formaldehyde vapors.”
From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/epa-issues-final-formaldehyde-exposure-rule-guided-carb
