ROME — Global production of all major wood products grew for the sixth consecutive year in 2015, while trade in wood products decreased slightly, according to new data published by Food and Agriculture Organization last December 16.
The increase was mainly boosted by the continuous economic growth in Asia, a recovering housing market in North America and scaling up of the bioenergy targets.
In 2015, growth in the production volume of wood products ranged from between one to eight percent, according to the FAO data.
At the same time, global trade value in primary wood and paper products shrank slightly from $267 billion in 2014 to $236 billion in 2015 due to lower prices for wood products.
Production of forest products has been healthiest in Asia-Pacific and North America due to a growing housing market.MORE