What is the outlook for the forest products industry?
• Timber prices are subject to cyclical changes and have recently had a negative impact on all facets of the forest products industry. Over the long term, however, the United Nations forecasts that by 2050, world demand for timber products will nearly double that of today.2 Moreover, the U.S. is the world’s leading consumer of forest products, accounting for almost 30% of the world’s consumption.
