Canada’s Wood Products Industry: Industrial Outlook Spring 2008

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Canada’s Wood Products Industry: Industrial Outlook Spring 2008

Industry Economic Analysis

Author: Valérie Poulin

$1,150.00

  • Pine Beetles—B.C.’s mountain pine beetle infestation has affected about 710 million cubic metres of timber, representing 15 years of harvests and limiting production over the next decade.
  • Gloomy U.S. Outlook—Fallout from the U.S. housing market collapse means real spending on residential construction in the U.S. is set to decline by 18.2 per cent in 2008, pulling down Canada’s wood production.
  • Food, Fuel, and Fibre—Increased relative wealth in emerging countries is driving demand for food and energy, potentially resulting in forest plantations being replaced by food or biofuels crops, and eventually increasing the value of Canada’s forest products.
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The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. The report examines the short-and medium-term economic and profitability outlooks for these industries.

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