Investor Presentation
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2.0
(BBF) (1)
14.0
Pacific Northwest Demand & Pricing Trends
Pacific Northwest Log Demand & Pricing
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10.0
8.0
6.0
Q1-2007
Q3-2007
Q1-2008
Q3-2008
Q1-2009
Q3-2009
Q1-2010
Q3-2010
Q1-2011
Q3-2011
(2)
Rayonier
Q1-2012
Q3-2012
Q1-2013
Q3-2013
Q1-2014
Q3-2014
Q1-2015
Q3-2015
Q1-2016
Q3-2016
Q1-2017
Q3-2017
Q1-2018
Q3-2018
West Coast Lumber Production
Douglas-fir Log Price (Log Lines Region #1 - #2 Sawlog)
Log Exports (Lumber Basis)
Western Hemlock Log Price (Log Lines Region #1 - #2 Sawlog)
1-2019
B-2019
Q1-2020
Q3-2020
Q1-2021
Q3-2021
-2022
-2022
Q1-2023
Q3-2023
Pacific Northwest pricing increased in 2022 due to strong domestic and export market
demand; however, it has moderated more recently.
Source:
Production and export volume based on trailing four quarters.
Log exports converted to lumber basis assuming 2.35 recovery rate.
Forest Economic Advisors, RISI.
Investor Presentation | November 2023
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