bc-forest-industry-economic-impact-study

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44 APPENDIX C – DATA SOURCES Provincial Websites: BC Ministry of Forests, Lands and Natural Resource Operations, http://www.gov.bc.ca/for/ BC Stats, http://www.bcstats.gov.bc.ca Forestry Innovation Investment, http://www.bcfii.ca/ BC Lumber Trade Council, http://www.bclumbertrade.com Coast Forest Products Association, http://www.coastforest.org Council of Forest Industries, http://www.cofi.org/ Naturally Wood, http://www.naturallywood.com/ Western Silvicultural Contractors’ Association, http://www.wsca.ca/ BC Bioenergy Network, http://bcbioenergy.ca/ Port Metro Vancouver , www.portmetrovancouver.com National and International Websites: Statistics Canada, http://www.statcan.gc.ca/ Industry Canada, http://www.ic.gc.ca Wood Pellet Association of Canada, http://www.pellet.org/ FPInnovations, http://www.fpinnovations.ca National Forestry Database, http://nfdp.ccfm.org Canadian Forest Service, http://cfs.nrcan.gc.ca Foreign Affairs and International Trade , www.international.gc.ca Madison’s Lumber Reporter, http://www.madisonsreport.com/ Random Lengths, www.rlpi.com RISI, www.risiinfo.com Natural Resources Canada, http://www.nrcan.gc.ca BC FOREST INDUSTRY: ECONOMIC IMPACT STUDY MNP LLP
Volume (cubic metres) Housing Starts (thousands) Number of Housing Starts (thousands) 45 APPENDIX D – ECONOMIC AND OTHER FACTORS AFFECTING THE INDUSTRY While there are many economic factors that affect the financial performance of the industry, the principal ones are: housing starts in the United States and Asia, foreign exchange rate fluctuations, energy costs, and transportation costs. The following sections contain an overview of the effects of these factors. Housing Starts – United States The United States is the largest export market for BC wood products, with demand being driven by residential construction. Consequently, the number of US housing starts is a strong indicator of the US demand for BC wood products. At present, US housing starts have been in the range from 0.9 to 1.0 million units. This represents a significant recovery from the low of 478,000 starts in 2009, and is moving toward the 10 year average of 1.2 million starts and the 24 year average of 1.3 million starts. Figure D-1: US Housing Starts since 1990 2,500 2,273 2,000 1,500 1,000 500 798 478 1,333 1,154 909 0 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Annual Housing Starts 24-year average (1990 to 2013) 10-year average (2004 to 2013) Source: US Census Bureau, Seasonally Adjusted Annual Rate Figure D-2 depicts the relationship between US housing starts and BC exports of softwood lumber. The chart highlights the historical dependency of BC’s lumber manufacturing sector on the market in the United States. Figure D-2: BC Lumber Export Volumes Driven by US Housing Starts 35,000,000 2,500 30,000,000 25,000,000 20,000,000 2,000 1,500 15,000,000 10,000,000 5,000,000 1,000 500 0 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 YTD 0 BC Softwood Lumber Exports Volume US Housing Starts Source: BC Stats, US Census Bureau BC FOREST INDUSTRY: ECONOMIC IMPACT STUDY MNP LLP
Page 1 and 2: BC Forest Industry Economic Impact
Page 3 and 4: 3 1. EXECUTIVE SUMMARY The BC fores
Page 5 and 6: 5 KEY FEATURES OF THE INDUSTRY In 2
Page 7 and 8: 7 The forest industry is an importa
Page 9 and 10: 9 3. PROFILE OF THE BC FOREST INDUS
Page 11 and 12: 11 Figure 2: Relationships between
Page 13 and 14: 13 In total, an estimated 14 millio
Page 15 and 16: 15 4. ECONOMIC IMPACT ANALYSIS ECON
Page 17 and 18: 17 Table 3. Estimated BC Government
Page 19 and 20: 19 Table 5. Largest BC-Based Forest
Page 21 and 22: 21 Primary manufacturing is capital
Page 23 and 24: 23 Total GDP impacts of $1.7 billio
Page 25 and 26: 25 Fibre Supply and Wholesale Highl
Page 27 and 28: 27 Table 12. Summary of Forest Rese
Page 29 and 30: 29 provides summer employment oppor
Page 31 and 32: 31 Employment Comparison As shown i
Page 33 and 34: 33 5. SOCIAL AND ECONOMIC BENEFITS
Page 35 and 36: 35 CASE Innovation - Emergence STUD
Page 37 and 38: 37 CASE STUDY Harvesting The BC for
Page 39 and 40: 39 APPENDIX B - ECONOMIC IMPACT APP
Page 41 and 42: 41 and traditional value-add forest
Page 43: 43 Step 5: Compare Model Results wi
Page 47 and 48: Selling Price Index US$ 47 Figure D
Page 49: 49 APPENDIX E - ABOUT MNP For more

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