North American Plywood Output Experiences Stronger Output Growth in Q2 2021 than OSB
North America: Plywood output growing at faster rates
According to quarterly statistics provided by the APA, The Engineered Wood Association, North American softwood plywood mills experienced even stronger growth in their output than OSB manufactures in the period between April and June of 2021, when compared with both Q1 and Q2 of 2020. The APA is reporting that overall North American structural panels output was 13% higher than Q2 of 2020, a period of time hit hard by the pandemic, to land at 7.844m m³.
Plywood production improved by 16% to 2.460m m³, while OSB manufacturing climbed by 12% to 5.384m m³. Plywood production was up 5% and OSB production was 3% higher than in Q1 of 2021. Altogether, structural panels output edged 4% higher. OSB’s share of overall production, which had been at least 69.0% between the Q1 of 2020 and Q1 of 2021, softened slightly to 68.6%.
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