The 2021 Structural Panel & Engineered Wood Yearbook has been released by APA – The Engineered Wood Association. The yearbook includes an analysis of the U.S., Canadian and global economies, focusing on factors that impact demand for engineered wood products across several market segments as a basis for forecasting expected production of engineered wood products. Besides the analysis and forecast, the yearbook also includes historical data on engineered wood production. Topics examined in the yearbook include:
- Residential construction in the U.S. and Canada, new and repair/remodel
- Nonresidential and industrial markets
- North American imports and exports
- Outlook and production statistics for structural panels (oriented strand board and plywood), including historical data
- Engineered wood product demand and production (glued-laminated timber, I-joists and laminated veneer lumber)
The recovery in the U.S. and Canadian economies appears to be exceeding the expectations of just a couple months ago, as the distribution of COVID vaccines gain momentum. A mix of forces at work is leading some economic forecasters to revise upwards their 2021 outlook for growth to 7% or more. This is all good news, but inflation concerns are mounting and that has been made visible in the financial markets with the spike in the yield on the 10-year Treasury bond.
The entire 2021 market forecast, including all market segments and production outlook, as well as statistical data, is included in APA’s 2021 Structural Panel & Engineered Wood Yearbook, Form MKO E186. The yearbook can be purchased for $300 via the APA Resource Library.