Sawmill closures and mothballing during recession removed 5.2 bbf of lumber from circulation, finds study by Forest Economic Advisors tracking 145 sawmills in US and Canada from 2008-2013
Wendy Lisney
LOS ANGELES
,
December 17, 2013
(Industry Intelligence)
–
At least five billion board ft. (bbf) of lumber was removed from circulation during the recession as a result of sawmill closings and mothballing, according to Forest Economic Advisors of Westford, Massachusetts.
A study by the group, which tracked 145 sawmills in the U.S. and Canada from October 2008 to October 2013, found that 45% of those sawmills with a combined capacity of 5.2 bbf were closed and dismantled during the period.
From that percentage, 28% have restarted, representing an original capacity of 3.9 bbf, while 17% with a combined capacity of 2.5 bbf remain idled. In addition, 9% with a combined capacity of 1.1 bbf remain closed and are unlikely to reopen, the study found.
Capacity in 2008 was 73 bbf, compared with capacity in 2013 of 68 bbf.
Source: Forest Economic Advisors LLC
The primary source of this article is Builder, Washington, on Dec. 7, 2013.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.