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April 8, 2020

Pandemic effects on the global trade of wood products likely to last until 2021

Pandemic effects on the global trade of wood products likely to last until 2021

Pandemic effects will be delayed for forest products industries and recovery slower, particularly for landowners who will likely see very weak stumpage markets in 2021, 2022; lumber demand, production will be slow in H2 and much of 2021.

With millions of Americans already out of work and continued job losses exceeding that of the Great Recession of 2009, U.S. gross domestic product is projected to decline by eight percent in 2020.

There are projections that it could take up to three years for the U.S. economy to

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