The timber industry is an important part of the global economy, providing materials for construction, furniture, and other products. As such, it is essential to stay up to date on the latest industry statistics. In this blog post, we will take a look at the latest timber industry statistics, including production, consumption, and trade.
We will also discuss the impact of these statistics on the industry as a whole. By the end of this post, you will have a better understanding of the current state of the timber industry and how it affects the global economy.
Timber Industry: The Most Important Statistics
The EU’s sawnwood output increased by 15% from 2000 to 2021, with Germany and Sweden leading production and 78-83% of tropical wood imports coming from 15 FLEGT-VPA countries.
90% of the world’s certified forests are located in the northern hemisphere, with almost half of them in North America, and 9% of them in the U.S.
Timber Industry Statistics Overview
The global forestry and logging market is expected to grow from $535.96 billion in 2020 to $956.71 billion in 2030 at a CAGR of 5.7%, with a CAGR of 6.3% from 2020 to 2025.
On these figures, we can see the expected growth of the forestry and logging market over the next decade. It also highlights the potential challenges that may arise due to forest fires and geopolitical tensions, which could affect the growth of the market.
The Forestry and Logging Market is expected to grow at an 80.0% CAGR from 2021 to 2028, reaching USD 59,062.58 billion by 2028.
This growth is due to increased demand for timber products, such as tissue and paper products, as well as increased residential construction activity and economic growth in emerging markets. It is likely to benefit the industry, as it will create more opportunities for timber producers and suppliers.
The EU’s sawnwood output increased by 15% from 2000 to 2021, with Germany and Sweden leading production and 78-83% of tropical wood imports coming from 15 FLEGT-VPA countries.
In 1993, 646 million m3 of wood entered the U.S. economy, with 26% consumed as solid wood, 26% as paper, 36% as fuel, and 10% exported.
Many countries lack the necessary legislation, regulation, and incentives to promote sustainable forest management, leading to forest degradation and deforestation.
Without proper management of forests, timber companies may not be able to access the resources they need, leading to a decrease in production and profits. Additionally, deforestation can lead to a decrease in biodiversity, which can have a negative impact on the environment.
90% of the world’s certified forests are located in the Northern Hemisphere, with almost half of them in North America, and 9% of them in the U.S.
Thus, there is a huge importance of responsible fiber sourcing standards, certification of mills, forest management certification, and BMPs in the timber industry. Also, there is a need for more sustainable forestry practices in the U.S. and other parts of the world, which is important for the long-term health of the timber industry, as well as for the environment.
Timber has the lowest C02 ‘cost’ of all commercial building methods, is non-toxic and biodegradable.
Timber absorbs C02 from the atmosphere, is lightweight, and has a natural thermal insulation effect. It is also non-toxic and biodegradable, making it an environmentally friendly choice for construction projects.
Improved efficiency and reduced wood wastage are needed to meet growing demand for timber products while minimizing environmental impacts.
Therefore, companies need to improve efficiency and reduce wood wastage in the timber industry in order to meet the growing demand for timber products while minimizing environmental impacts.
New regulations, technology and products are driving technological change in mechanized timber harvesting, enabling adaptation to local needs and reducing soil damage.
It shows that the industry is adapting to new regulations and technology, which is important for ensuring the sustainability of the industry. Additionally, the reduction of soil damage is important for protecting nature and ensuring that the industry is able to continue to operate in the future.
The global market for cross-laminated timber (CLT) is projected to grow 13% annually into the mid-2020s, and by 2025 is expected to account for US$1.4bn of the global construction industry, and by 2050 is expected to capture trillions in value.
The global timber industry is projected to reach a market value of $1.159 trillion by 2027.
This statistic is a testament to the immense potential of the timber industry, indicating that it is a lucrative and growing sector. It is a key indicator of the industry’s success and provides a glimpse into the future of the timber industry. This statistic is essential for anyone looking to gain insight into the timber industry and its prospects for the future.
The timber industry contributed 1% to the GDP of the United States in 2018.
This statistic is a telling indication of the timber industry’s impact on the US economy. It highlights the importance of the timber industry in the US, and serves as a reminder of the industry’s contribution to the nation’s GDP. It is a valuable piece of information for anyone looking to gain insight into the timber industry’s economic significance.
In 2018, over 955,000 people were directly employed in the U.S. by the timber industry.
This statistic is a testament to the importance of the timber industry in the U.S. economy. It shows that the timber industry is a major employer, providing jobs to nearly a million people. This statistic is a powerful reminder of the impact the timber industry has on the lives of many Americans.
The construction sector consumes 70% of the industrial timber in Europe.
This statistic is a telling indication of the importance of the construction sector in the timber industry in Europe. It highlights the fact that the timber industry is heavily reliant on the construction sector, and that any changes in the construction sector could have a significant impact on the timber industry. This is an important point to consider when discussing the timber industry in Europe, as it provides insight into the industry’s reliance on the construction sector.
In 2016, China was the largest importer of timber, importing 108 million cubic meters of roundwood.
This statistic is a telling indication of the importance of the timber industry in China. It demonstrates the sheer volume of timber that is imported into the country, highlighting the reliance of the Chinese economy on the timber industry. This statistic is a powerful reminder of the significance of the timber industry in China and its impact on the global timber market.
The world’s total production of roundwood reached 3.7 billion m³ in 2020.
This statistic is a testament to the sheer magnitude of the timber industry. It highlights the sheer amount of roundwood produced in 2020, demonstrating the industry’s immense size and importance. It is a powerful reminder of the industry’s impact on the global economy and environment.
Illegal logging accounts for 15-30% of the global timber trade.
This statistic is a stark reminder of the devastating effects of illegal logging on the global timber trade. It highlights the urgent need for more stringent regulations and enforcement to protect the world’s forests and ensure the sustainability of the timber industry.
In 2016, the wooden furniture market was valued at $105.6 billion, accounting for 43.6% of the total timber sector.
This statistic is a testament to the immense size and importance of the wooden furniture market within the timber sector. It highlights the fact that wooden furniture is a major component of the timber industry, and that it is a lucrative and profitable sector. This statistic is important for anyone looking to gain an understanding of the timber industry, as it provides a clear indication of the size and scope of the wooden furniture market.
The Asia-Pacific region accounted for 45% of the global timber product export market in 2019.
This statistic is a testament to the importance of the Asia-Pacific region in the global timber product export market. It highlights the region’s significant contribution to the industry, and its potential for further growth. It also serves as a reminder of the need for sustainable timber production practices in the region, in order to ensure the long-term health of the industry.
The world’s total consumption of roundwood was 3.8 billion m³ in 2020.
This statistic is a telling indication of the sheer scale of the timber industry. It demonstrates the sheer volume of roundwood being consumed globally, highlighting the importance of the timber industry in the global economy. It also serves as a reminder of the need to ensure sustainable practices are in place to ensure the industry can continue to thrive in the future.
Canada produced 31,675 million board feet of lumber in 2020.
The sheer magnitude of the lumber production in Canada in 2020 is a testament to the strength of the timber industry in the country. This statistic serves as a reminder of the importance of the timber industry in Canada and its contribution to the economy.
The European sawmilling industry produces around 100 million m³ of sawn wood per year.
This statistic is a testament to the sheer magnitude of the European sawmilling industry, highlighting the sheer volume of sawn wood produced each year. It serves as a reminder of the importance of the timber industry in Europe, and the impact it has on the economy and environment.
Africa has around 18% of the global forest cover, but it only contributes around 4% to the global trade in forest products.
This statistic is a stark reminder of the inequality in the timber industry. Despite Africa having a significant portion of the global forest cover, it is not reaping the benefits of the global trade in forest products. This highlights the need for more equitable distribution of resources and opportunities in the timber industry.
Nearly 50% of forests in tropical Asia, Africa, and Latin America are used to produce commercial timber.
This statistic is a stark reminder of the immense pressure that the timber industry is placing on tropical forests. It highlights the fact that these forests are being exploited for commercial gain, with potentially devastating consequences for the environment and the species that inhabit them. It is a call to action for those in the timber industry to take steps to ensure that these forests are managed sustainably and that their resources are used responsibly.
In 2020, Sweden exported 12 million m³ of sawnwood.
This statistic is a testament to the success of Sweden’s timber industry in 2020. It highlights the impressive amount of sawnwood that was exported, demonstrating the industry’s ability to meet the demands of the global market. This statistic is a valuable insight into the timber industry and its performance in 2020.
Global paper production reached 418.6 million metric tons in 2020.
The statistic on global paper production is a telling indicator of the timber industry’s success. It shows that the industry is thriving, with production reaching an all-time high in 2020. This is a testament to the hard work and dedication of those in the timber industry, and it is a sign that the industry is continuing to grow and expand.
The global revenue of the engineered wood products market is expected to reach over $41.3 billion by 2025.
This statistic is a testament to the immense potential of the engineered wood products market. It shows that the industry is growing at a rapid rate and is expected to reach a staggering $41.3 billion by 2025. This is a clear indication that the timber industry is a lucrative and profitable sector, and one that is worth investing in.
The engineered wood products segment of the timber industry is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2019 to 2025.
This statistic is indicative of the timber industry’s potential for growth in the engineered wood products segment. It suggests that the industry is likely to experience a steady increase in demand for these products over the next few years, making it an attractive investment opportunity for those interested in the timber industry. Furthermore, this statistic provides a valuable insight into the industry’s future prospects, allowing readers of the blog post to make informed decisions about their involvement in the timber industry.
Engineered wooden flooring held a 9.9% market share of the total flooring market in the United States in 2019.
This statistic is a testament to the growing popularity of engineered wooden flooring in the United States. It shows that the timber industry is thriving and that consumers are increasingly turning to engineered wooden flooring as a viable option for their flooring needs. This statistic is a valuable insight into the timber industry and its success in the US market.
Conclusion
In conclusion, the timber industry is a significant part of the global economy and its future is uncertain. Despite the challenges, the industry is still growing and is expected to continue to do so in the future.
The timber industry is a major contributor to the global economy, and its future is dependent on the sustainability of its resources. It is essential to understand the current trends in the timber industry and to develop strategies to ensure its long-term sustainability.
References
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