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North American timber market to hit $243.9 billion in 2026 due to construction and population growth
Posted on November 15, 2022 |
- The North American wood products market will hit $243.9 billion in 2026, and the average annual growth rate from 2022 to 2026 will be 6.75%.
- The market development will be driven by population growth and new housing construction, the high availability of forest resources, the growing demand for wooden office furniture, and a growing propensity for home renovation and renovation.
- However, this growth will be hindered by fluctuating sawn softwood prices and improved availability of alternatives to wood products.