US market
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Wood prices could rise significantly in 2024 – the US wood market is showing positive momentum
Wood prices on the North American market, which is important for the global market, recovered at the end of the year. Some analysts see a sharp price increase in 2024. On the one hand, this is due to the expected upswing in the US housing market – and the shrinking supply. High mortgage interest rates are still slowing down house building, even though they have fallen slightly recently.... Continue reading
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February 19, 2018
Analysis of trends in US hardwood markets
A recently published article explores US market developments that affect hardwood demand. Some industrial markets, such as pallets, packaging and railway ties, concern only temperate hardwoods, but most trends apply to tropical species as well. Up until the housing market crash in 2007/2008, residential construction had become an increasingly important market for hardwoods in the US. Hardwood use in domestic furniture manufacturing steadily declined as furniture imports captured an increasing share in the US market. About one third of all sawn hardwood was used in housing before the financial crisis. Not only did the housing market crash and recession reduce demand for hardwoods, but per capita sawn hardwood consumption decreased due to increasing imports of finished products. US sawn hardwood consumption fell from 104 cu.m. per person in 1995 to 49 cu.m. in 2013. Housing... Continue reading
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December 21, 2023
Wood prices could rise significantly in 2024 – the US wood market is showing positive momentum
Wood prices on the North American market, which is important for the global market, recovered at the end of the year. Some analysts see a sharp price increase in 2024. On the one hand, this is due to the expected upswing in the US housing market – and the shrinking supply. High mortgage interest rates are still slowing down house building, even though they have fallen slightly recently.... Continue reading
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December 21, 2023
Wood prices could rise significantly in 2024 – the US wood market is showing positive momentum
Wood prices on the North American market, which is important for the global market, recovered at the end of the year. Some analysts see a sharp price increase in 2024. On the one hand, this is due to the expected upswing in the US housing market – and the shrinking supply. High mortgage interest rates are still slowing down house building, even though they have fallen slightly recently.... Continue reading