BC Forest Products Sector GDP
Forestry... (cont’d)
The good news is that amid an uncertain global economic
backdrop, the near-term outlook for the forest sector
is quite encouraging. The ongoing, multi-year recovery
in new residential construction in the US will boost the
demand for wood products and other building materials
and support product prices in North America. This
upswing will be further reinforced by the lower Canadian
dollar, which makes BC’s forest products more competitive
in the US marketplace. The BC industry is also benefiting
from the success it has had in diversifying into offshore
markets in China and other parts of Asia.
billions $ (2007 Chained)
8.5
8.0
7.5
7.0
6.5
6.0
5.5
5.0
4.5
4.0
1997
1999
2001
Overview of the BC Forest Sector
The provincial government owns 95% of the land in
BC and therefore exercises control over the majority of
forest resources. 1 Industry relies on the government,
in the form of land tenure, for access to the resource,
and in