In a new Focus Report: US South Softwood Industry - Outlook for the world's most important softwood fiber basket, the consulting companies Wood Resources International (WRI) and O'Kelly Acumen establish a fact base around current forest resources and industry in the Southern US. The study provides predictions on likely developments of future wood supply and forest industry expansion and discusses the impacts these factors will have on global wood markets. The report also highlights what the implications of these developments will be for timberland owners, stumpage rates, and roundwood prices.
The US South has attracted increased interest and investments not only from North America but also from Europe and Asia because of the region's surplus of timber supply and low wood costs. Sawlog prices in the region have been among the most competitive globally and consistently been low for over a decade. From 2011 to 2021, US South sawlog prices have been 10-30% below the Global Sawlog Price Index (GSPI). The pattern is similar for softwood pulplogs and wood chips, with prices being substantially below the global wood fiber price indices in the past decade.
The outlook for sawlog prices is that there will be a widening gap between micro-markets with tightening log supplies and those with large softwood surpluses. On the other hand, prices for pulpwood are likely to remain at current levels or could even decline in the mid-term due to limited changes in wood fiber demand and an increase in the supply of sawmill residues and pulplogs.
The excerpt above is from the just-released Focus Report "US South Softwood Industry - Outlook for the world's most important softwood fiber basket" published by Wood Resources International LLC and O'Kelly Acumen. For more information about the study or to inquire about purchasing the 85-page report, please contact either Hakan Ekstrom ([email protected]) or Glen O'Kelly ([email protected]). In addition, a Table of Contents of the report is available on our website. Click here!
Wood Resources International LLC
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