Bis Shrapnel: increasing by 2013

Despite the global financial crisis and a considerable downturn in housing construction in key western economies, leading economic forecaster and industry analyst, Bis Shrapnel, is forecasting consumption of engineered wood products to increase to new peaks by 2013.
Bis Shrapnel’s structural engineered wood products in the Pacific Rim and Europe 2009-2013 report provides forecasts for the production, consumption, trade and prices of laminated veneer lumber (Lvl), I-joists and glue laminated beams (glulam). The report also includes a summary of the economic and housing construction outlook for key markets, which forms the basis for the forecasts for engineered wood products.
Bis Shrapnel notes the world economy has been severely impacted by the financial crisis generated in the United States and predicts that the synchronised downturn will continue for much of 2009. However, coordinated stimulatory policies are forecast to generate a collective upswing in 2010, which will continue to the end of 2013.
Similarly, there has been a downturn over the past four years in housing construction in key regions that produce and consume engineered wood products, with a further decline of four per cent predicted in 2009. However, a significant upswing of 25 percent will be seen from 2010 to 2013.