Rayonier - Best-in-Class, Pure-Play Timber REIT
Pacific Northwest Demand and Pricing Have Recovered
Pacific Northwest Log Demand & Pricing
(BBF / $ per MBF)
14.0
12.0
10.0
8.0
6.0
4.0
2.0
Q2-2010
Q3-2010
Q4-2010
Q1-2011
Q2-2011
Q3-2011
Q4-201
1-2012
Q2-2012
Q3-2012
Q4-2012
1-2013
Q1-2006
Q2-200
Q3-2006
Q4-2006
1-2007
Q2-2007
Q3-2007
Q4-2007
1-2008
Q2-2008
Q3-2008
4-2008
1-2009
Q2-2009
West Coast Lumber Production
Douglas-fir Log Price (Log Lines Region #1 - #2 Sawlog)
Q3-2009
Q4-2009
Q1-2010
$800
$700
$600
$500
$400
$300
$200
$100
Q2-2013
Q3-2013
-2013
1-2014
Q2-2014
Q3-2014
Log Exports (Lumber Basis)
Western Hemlock Log Price (Log Lines Region #1 - #2 Sawlog)
-2014
-2015
Q2-2015
Q3-2015
Q4-2015
Q1-2016
Q2-2016
Q3-2016
Q4-2016
1-2017
Q2-2017
I
Pacific Northwest log demand and pricing have generally recovered to near pre-recession
levels due to increased export demand.
Rayonier
Source:
Note:
Forest Economic Advisors; RISI.
Log exports converted to lumber basis assuming 2.35 recovery rate.
Investor Relations | August 2017
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