Effects of the great recession on primary and value-added wood products industry sectors: A case study in Louisiana, USA

Document Type

Conference Proceeding

Publication Date

1-1-2016

Abstract

In 2008 and 2015, matched studies were conducted to identify changes in the Louisiana primary and secondary wood products industries. Specifically, the objective was to see if these sectors had recovered from the economic recession of 2007-2008. Results show that from 2007 to 2014, the number of Louisiana primary mills was estimated to have declined 21.5% from 200 to 157 and the number of Louisiana secondary mills estimated to have declined 22.5% from 458 to 354. As housing starts recovered, the percent of remaining softwood and hardwood lumber mill respondents producing these products increased 49% and 46%, respectively. Total full-time employment in the primary sector is estimated to have declined 17% and part-time employees declined 85% over this period. In the secondary sector, production of key products was essentially unchanged. Part-time employment declined 26% but full-time employment increased 9%, likely due to the strength of the repair and remodel sector which actually surpassed single-family housing starts as the number one demand sector for lumber in 2015.

Publication Source (Journal or Book title)

The Path Forward for Wood Products: A Global Perspective - Proceedings of Scientific Papers

First Page

113

Last Page

121

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