Canada’s Wood Products Industry: Industrial Outlook Spring 2016
This report examines the short-and medium-term economic and profitability outlook for Canada’s Wood Products Industry.
- U.S. Housing Market—In spite of a weak start to 2016, the resurgence in
the U.S. housing market is expected to remain the key driver of improving
demand for Canadian wood products.
- Southbound Investment—Canadian wood product manufacturers continue
to acquire U.S. sawmills. With the industry operating close to full capacity,
outbound investment flows could hamper the industry’s ability to grow.
- Wood Pellets—Increasing adoption of renewable energy sources, particularly
in the EU, should continue to support demand for wood pellets. This
bodes well for Canadian wood product manufacturers looking to maximize
the value of their wood waste.