It is estimated that global wood consumption increased by 2.1% in 2018, from 334 million cubic meters in 2017 to 341 million cubic meters. The United States, Canada, Europe and China are expected to rise, with Russia and Japan falling slightly.
By 2019, all major consumer regions are likely to achieve record growth, and the United States and China will once again lead other countries, each growing by about 7%. Other countries (Canada and some European countries) are expected to grow slightly, while demand in the CIS countries such as Japan and Russia is expected to decline slightly due to the weak economy and the sluggish real estate market.
Global demand for softwood is expected to reach 350 million cubic meters next year, an increase of 2.8% from 2018. The outlook for 2020 is roughly the same, with demand expanding to 359 million cubic meters (2.4% increase).