Softwood roundwood supply has remained essentially flat since 2000 despite continued growth in overall roundwood production, and is forecast to increase by only about 0.5% annually through 2035. Demand for construction timber, packaging and biomass is expected to continue growing faster than supply. The result is a progressively tighter supply-demand balance, with increasing pressure on the availability and real prices of softwood logs. …North American softwood roundwood supply has declined by almost 20%, while Europe/Russia and the rest of the world have each increased by about 18%.

• US South offers the greatest opportunity for additional softwood roundwood supply. But labor and investment to expand will limit what can be realized.
• Canada, after several years of declining harvests – particularly in BC – is expected to stabilize and recover modestly. 
• Europe faces considerably tighter constraints. The base scenario points to limited overall change.
• Russia has enormous, underutilized softwood potential, but potential does not necessarily translate into available supply.