NEW YORK: The International Wood Markets Group has released its sixth Edition of United States Moulding Market Outlook: 2011- 2015 report.
Key findings of the report include:
- Imports continued to provide the majority of raw material as well as finished mouldings, accounting for 54 percent of US supply in 2010.
- Imports are tipped to increase to 57 percent over the next two years.
- Moulding demand in 2010 was split between new construction, and repair and remodelling, at a ratio of around 40/60.
- However, as the housing recovery gains momentum, this is forecast to move to 50/50 by 2014 and then overtake repair and remodelling in 2015.
- Rising raw material costs and constrained supply have annual average prices poised to ramp up over the next four years between 20 percent and 40 percent depending on the product.
Source: International Wood Markets Group
