Continuing the bumpy road through 2020, Canada’s sawmill capacity utilization rates dropped again in October while those in the US remained relatively flat.
Compared to one-year-ago, for January – October 2020 softwood lumber production in the US improved further over the previous year, up another +2.7%, says the latest issue of the Western Wood Products Association’s monthly Lumber Track. In the first ten months of this year, US lumber production volumes were 30,643 mfbm compared to the same time in 2019 when it was 29,838 mfbm. Looking at the month of October against September 2020, US softwood lumber production increased by +7.3%, at 3,225 mfbm in October compared to 3,005 mfbm for September 2020.
Last month’s update here: https://madisonsreport.com/2020/12/09/north-america-softwood-lumber-production-sawmill-capacity-utilization-wwpa-september-2020/
While still down, Canadian softwood lumber production for most of 2020 started to recover manufacturing volumes in the latter months of last year.
After reaching terrible lows for a large part of 2020, softwood lumber production in Canada recovered further in October. Manufacturing volumes were down -6.2% for the first ten months of 2020, to 19,184 mfbm, compared to January – October 2019 when it was 20,450 mfbm. Reversing improvements of the previous month, comparing the month of October to September 2020, Canada softwood lumber production dropped slightly, down by -1.4%, at 2,099 mfbm for October 2020 compared to 2,129 mfbm in September.
For British Columbia alone, sawmill production volumes for year-to-date 2020 fell yet further, down by another -11.2% to 7,412 mfbm, compared to January – October 2019 when it was 7,412 mfbm.
North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: October 2020
US sawmill production as per cent of practical capacity for January to October 2020 continued, at 85%, as it was the previous month and in the first ten months of 2019, said the Western Wood Products Association’s monthly Lumber Track.
After improving from July to September Canadian sawmill production as per cent of practical capacity dropped back in October 2020, to 76% compared to September 2020 when it was 86% and compared to October 2019 when it was 79%.