{"id":87205,"date":"2024-01-17T08:28:40","date_gmt":"2024-01-17T08:28:40","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/forecast-us-lumber-production-to-hit-highest-level-in-almost-20-years\/"},"modified":"2025-09-19T09:01:23","modified_gmt":"2025-09-19T09:01:23","slug":"forecast-us-lumber-production-to-hit-highest-level-in-almost-20-years","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/forecast-us-lumber-production-to-hit-highest-level-in-almost-20-years\/","title":{"rendered":"Forecast: US lumber production to hit highest level in almost 20 years"},"content":{"rendered":"

After a year of significant capacity rationalization, what should we expect in 2024? Key prediction indicators show that US sawmill production will hit its highest level since peaking in 2005, marking the second-highest level on record.<\/span><\/p>\n

While 2023 was a challenging environment for mill operators, many sawmills in the US have been able to limp along through \"\"this market as Canadian operators took the brunt of the pain, with many of them cash-negative at prevailing dimensional lumber prices. This also explains the wave of Canadian closures we predicted and ultimately saw in 2023. SYP production, which accounts for about 38% of North American softwood lumber output, also has the added tailwind of very low delivered fiber costs. Most producers in the US South with modern, state-of-the-art sawmill operations are still cash-positive. We\u2019ve also seen SYP capacity investment trending close to 1 BBF a year in recent years, which in most years was more than sufficient to counter capacity losses, particularly those in British Columbia.<\/p>\n

The growing US share of the North American lumber market has been a secular trend driven ultimately by lower fiber costs in the rapidly growing US South but also accelerated by duties and managed trade for Canadian sawmills as well as the long-term consequences of the mountain pine beetle kill in British Columbia. This is a noteworthy development considering that historically, Canada has accounted for anywhere between a quarter to a third of US softwood lumber consumption.<\/p>\n

The story of secular decline in BC production tends to dominate the narrative in the lumber industry, but the rise of the US lumber industry after a decade of pain stemming from the capital destruction brought on by the housing crash in 2008-10 remains an important part of the supply story. For commodities like lumber, the low-cost supplier tends to prevail over the long run. We are seeing this happen in real-time as\u00a0SYP continues to fill the supply void, just as home construction and lumber demand is primed for a recovery in demand in 2024.<\/p>","protected":false},"excerpt":{"rendered":"

After a year of significant capacity rationalization, what should we expect in 2024? Key prediction indicators show that US sawmill production will hit its highest level since peaking in 2005, marking the second-highest level on record. While 2023 was a … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":50441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-87205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nForecast: US lumber production to hit highest level in almost 20 years - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/forecast-us-lumber-production-to-hit-highest-level-in-almost-20-years\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forecast: US lumber production to hit highest level in almost 20 years - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"After a year of significant capacity rationalization, what should we expect in 2024? 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