Finally recovering after some terrible lows over the past year, for March 2021 softwood lumber production volumes in the United States and Canada increased substantially. Sawmill capacity utilization rates in the United States were essentially flat, while that in Canada improved.
After struggling to rise from the lows of one-year-ago, compared to last month and compared to last year, for March 2021 softwood lumber production in the US rose dramatically, up by +17% from the February and up +10% from March 2020, says the latest issue of the Western Wood Products Association’s monthly Lumber Track.
US lumber production volumes for the first three months of 2021 were 9,201 mmfbm compared to one year ago when it was 9,142 mmfbm. This is an increase of +0.6%. Looking at the month of March against February 2021, US softwood lumber production was 3,301 mmfbm in March 2021 compared to 2,816 mmfbm in February 2021.
Last month’s update here: https://madisonsreport.com/2021/05/11/north-america-softwood-lumber-production-sawmill-capacity-utilization-wwpa-feb-2021/
Similarly, softwood lumber production in Canada rose substantially in March 2021, compared to both the previous month and the previous year. Manufacturing volumes increased by +21% in March 2021, to 2,351 mmfbm, compared to February when it was 1,940 mmfbm, and was up by +13 compared to March 2020 when it was 2,078 mmfbm. Specifically in British Columbia, sawmill production volumes for March 2021 continued gains made through this year so far, up by +25%, to 918 mmfbm, compared to February when it was 737 mmfbm.
For the first three months of this year, softwood lumber production in Canada jumped by +7.7%, to 6,294 mmfbm compared to 5,843 mmfbm in the first three months of 2020.
North America Softwood Lumber Production, Sawmill Capacity Utilization, WWPA: March 2021
US sawmill production as a per cent of practical capacity for the first three months of this year improved to 87%, compared to the same time in 2020 when it was 85%, said the Western Wood Products Association’s monthly Lumber Track.
Rebounding most encouragingly, Canadian sawmill production as a per cent of practical capacity rose yet more in the first three months of 2021, to 85% compared to one year ago when it was only 77%.