Geography/lumbering in canada
madni wrote at 2013-10-08 02:37:01
The lumber industry experienced some major changes between 2004 and 2010. A number of economic indicators were falling until 2009 and then turned upward in 2010.
Sales, production volume, employment and exports all declined appreciably, in part because of shrinking demand for wood products in the United States. In 2010, however, the trend reversed itself, and the indicators moved higher.
In addition, the proportion of exports going to the U.S. market declined until 2010. However, exports to other countries, especially China, have increased substantially since 2004.
That change in the structure of lumber exports is due to a number of factors, including lower demand in the United States. This appears to be supported by the number of new privately owned housing units started between 2004 and 2010. It is also interesting to note that the fall in demand started well before the 2008 crisis.