by Web Editor | Sep 7, 2018 | News
In a recent message from the National Hardwood Lumber Association encouraging member companies to contact representatives in Washington regarding the tariff situation, NHLA passed on this information from the Hardwood Federation on the importance of the wood products industry to the United States.
The wood products industry in the United States is an important contributor to the U.S. economy, accounting for approximately 4 percent of the total U.S. manufacturing GDP. Wood products companies are among the top ten manufacturing sector employers in 47 states, producing $210 billion in products annually.
The industry employs nearly 900,000 people; more than the automotive, chemicals and plastics industries. Many of them are in rural areas where employment opportunities are limited.
Hardwood is an important sub-sector of the wood products industry and has a heavy reliance on export markets for its survival.
In 2017, U.S. hardwood producers shipped $4.04 billion worth of U.S. products to global markets; $2.09 billion to Greater China, including Hong Kong and Macau. Combined, China, the NAFTA countries and the E.U. make up 82 percent of hardwood exports. Dependable, long-term export markets are vital to the sustainability of the hardwood industry. In 2017, the U.S. had a trade surplus of $1.475 billion in hardwood lumber, up from $1.1 billion in 2015.
From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/how-important-us-wood-products-industry?ss=news,news,woodworking_industry_news,news,almanac_market_data,news,canadian_news
by Web Editor | Oct 12, 2016 | News
From: Panel World Staff
A report conducted by Forest Economic Advisors and released by Composite Panel Association says that in 2015, the total (direct, indirect and induced) impacts of U.S. CPA-member composite panel manufacturing on the U.S. economy were $7.05 billion in output, employment of more than 22,500 and wages of $1.45 billion. The Canadian composite mills’ impact on the Canadian economy were $3.41 billion (Can), employment of almost 11,500 and $724 (Can) in wages.
“Economic Impact of U.S. and Canadian Composite Panel Mills” also reveals that in 2015 37 U.S. CPA-member mills had sales of $2.30 billion and 12 Canadian mills had sales of $1.34 billion (Can).
The report estimates that U.S. and Canadian composite panel facilities consumed 8.3 million dry tons of residual fiber in 2015, out of total residual supply of 76 million dry tons. On a regional basis, composite panel mills in the U.S. South consumed the most wood fiber, accounting for 2.8 million dry tons, 34% of the total in 2015.
Other findings:
— Resin costs account for 30% of composite panel production costs.
— Energy costs account for 10-20% of costs.
— Value-added shipments accounted for 31% of North American particleboard ships in 2014 and 18% of MDF shipments. For particleboard, the biggest value-added product was thermally fused laminate panels, accounting for 66% of value-added particleboard shipments.
— In 2015, the 42 composite panel mills operating in the U.S. and 12 in Canada had total capacity of 8.15 billion SF (five of these U.S. mills were not CPA members).
— In 2015, North American composite panel shipments hit 5.97 billion SF, 31% below the pre-recession mark of 8.64 billion SF, but a gradual improvement over 5.23 billion SF in 2009.
Read more in the November issue of Panel World magazine…
