by Web Editor | Jun 11, 2018 | News
Hardwood manufacturers are looking at positive growth continuing in 2018, but they need to expect rising prices for both hardwood lumber and panel products.
According to a report from Forecon Inc., “Lumber prices for our major (by value) species have all shown heavy demand, and most have seen a consistent upward trend in price throughout 2017 and certainly coming into 2018.” Forecon Inc. is one of the oldest established professional forestry consulting firms operating in the hardwood regions of the Eastern United States.
Forecon is reporting high demand for ash lumber in the face of concerns about the emerald ash borer damaging ash timber resources. Another hardwood on the rise is black cherry, which is seeing higher demand, especially from export markets, particularly from China and other Asian countries. But there is also elevated demand in the domestic market.
There is continuing strong demand for hard maple, especially green lumber (not kiln-dried), and reports are that there has been a specific increase in demand from cabinet manufacturers. This is another case where strong export demand, especially in Asia, continues to boost the price. Soft maple is not in as much demand as hard maple, with prices actually dropping a bit in the first half of this year.
One of the steadiest and strongest species of all continues to be red oak, which has set record export levels in volume and dollars this past year, and both international and domestic are staying strong in 2018. Forecon predicts sustained high prices for oak, keeping prices high and possibly climbing even higher into the summer months.
Read more on this from Woodworking Network at https://www.woodworkingnetwork.com/news/woodworking-industry-news/higher-prices-seen-hardwood-trends.
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 | Apr 20, 2016 | News
Capacity for the North American composite panel industry is expected to increase 4.21 percent in 2016, Composite Panel Association Chairman Steve Stoler told a record crowd at the CPA’s spring meeting in Tucson, Arizona. Increased usage of engineered wood panels in cabinetry, furniture, flooring and other products is helping spur the growth.
The upward trend follows a three-year capacity decline, reported Stoler, general sales manager of Boise Cascade. Capacity is defined as the amount of panels produced, based on maximum press utilization.
“I’ve been encouraged by signs of growth an new investment in our industry after a long period of inactivity,” Stoler said, citing recent announcements of plant upgrades and new lines. The addition of three mills in Mexico also is projected to increase North American MDF capacity by 10 percent.
The CPA also projects shipments of particleboard and MDF to grow 3 percent in 2016. Last year’s shipments of U.S. and Canadian panels hit 5.561 BSF, which was up 3 percent from 2014 figures.
More than 300 people from more than 100 companies attended the April 17-20 CPA event.
From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/composite-panel-market-to-grow-4-percent?ss=news,news,woodworking_industry_news,news,almanac_market_data,news
