Investor Relations - Timber and Real Estate Performance
Following SLA Expiration, Canadian Imports Have Surged
Major Sources of U.S. Lumber Supply
U.S. Lumber Production
70
2650
BBF
440
40
30
20
10
Imports from Canada
Imports from Offshore
% Share of Imports from Canada
40%
35%
30%
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Year-over-Year Change
U.S. Production
Canadian Imports
(4%)
(9%)
(17%)
(21%)
8%
7%
7%
5%
5%
0%
(1%)
(6%)
(17%)
(30%)
(29%)
9%
(2%)
8%
15%
11%
9%
23%
25%
20%
% Share of Imports from Canada
15%
10%
5%
Increased housing starts and corresponding increases in U.S. lumber consumption have
largely been offset by increased imports from Canada following the SLA expiration.
Rayonier
Source: Western Wood Products Association, Forest Economic Advisors.
Investor Relations | May 2017
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