Industry Analysis & Industry Trends
The Logging industry is strongly tied to activity in the downstream housing market, therefore, when the residential construction market began to recover during the five years to 2014, industry revenue benefited. In addition, exports have exhibited phenomenal growth, most of which has come from China, boosting industry demand. In the five years to 2019, demand conditions for the Logging industry are expected to continue improving. Demand will be driven by strong growth in the number of housing starts and home improvement spending. However, paper manufacturing, another major buyer of wood products, is forecast to slow over the next five years due to the continued trend toward electronic communication, threatening revenue growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The US Logging industry is in the mature stage of its economic life cycle. In the 10 years to 2019, industry value added, which measures the industry's contribution to the overall economy, is forecast to increase at an annualized rate of 2.4%, in line with GDP, also slated to grown an annualized 2.5% during the period.
Although the majority of the industry's products are used in the construction sector and various wood-based manufacturing sectors, the industry will face lower demand from paper manufacturers over the next five years. Downstream industries within the paper manufacturing sector have entered into decline due to continued substitution for electronic-based communication, although this loss will be offset by increased sales to international markets... purchase to read more