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Solid Wood Products: Rising Consumption and Imports, Modest Price Growth

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Abstract:

Based on findings of the current Resources Planning Act (RPA) Timber Assessment, residential construction and spending on upkeep and improvement will drive softwood lumber consumption to record levels over the next five decades. Near-term supply increments will come largely from imports, and long-term expansion from both domestic output and imports. Consumption of oriented strand board (OSB) will also reach record levels, based largely on expanded production in the United States. Real prices of solid wood products will rise slowly (0.6 percent per year or less), despite significant consumption growth.

Keywords: economics; engineered lumber products; environmental management; forest; forest management; forest resources; forestry; forestry research; forestry science; industry; natural resource management; natural resources; timber

Document Type: Miscellaneous

Affiliations: Professor Department of Forest Resources, Oregon State University, Corvallis, OR, 97331, darius.adams@orst.edu

Publication date: March 1, 2002

More about this publication?
  • The Journal of Forestry is the most widely circulated scholarly forestry journal in the world. In print since 1902, the Journal has received several national awards for excellence. The mission of the Journal of Forestry is to advance the profession of forestry by keeping forest management professionals informed about significant developments and ideas in the many facets of forestry: economics, education and communication, entomology and pathology, fire, forest ecology, geospatial technologies, history, international forestry, measurements, policy, recreation, silviculture, social sciences, soils and hydrology, urban and community forestry, utilization and engineering, and wildlife management. The Journal is published bimonthly: January, March, May, July, September, and November.

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