Investor Presentaiton
LUMBER SUPPLY
Measured supply growth in the US South, offset by ongoing declines in BC
NORTH AMERICAN LUMBER PRODUCTION (BBF)
(1)
Region
2018 2019 2020 2021
South
West
Other
USA
34.9
18.8 19.4 20.8 20.9
14.4 14.3 14.3 14.7
1.6 1.5 1.6 1.6
35.2 36.7 37.3
Rest of Canada
14.9
14.3
14.1 14.6
BC
12.4
Canada
9.7 8.9 9.7
27.3 24.0 23.1 24.4
North America
62.2 59.2 59.7
61.7
Offshore Imports
1.5
1.5
2.1
2.4
INTERFOR
Source: Western Wood Products Association
(1) Reflects the last twelve months ended July 31, 2021
US SOUTH
Measured growth (three year CAGR
of 4%), limited by labour availability
and long equipment lead times
US WEST & CANADA (NON-BC)
Relatively stable; good balance
between available timber supply and
manufacturing capacity
BRITISH COLUMBIA (BC)
Structural declines and permanent
capacity reductions due to impacts
of Mountain Pine Beetle forest
infestation (~21% decline in
production since 2018)
15View entire presentation