F.UTURE DEMAN^D FOR TIMBER 



447 



tion of logs and bolts for veneer and veneer prod- 

 ucts (1947 = 100.0) increased from 36.5 in 1906 to 

 121.8 in 1952. 



The comparison of trends in relative consump- 

 tion of veneer products against real price of 

 Douglas-fir plywood and price of that plywood in 

 relation to price of lumber provides such frag- 

 mentary data that statistical analyses of the 

 possible future impact of price upon quantity of 

 veneer products demanded are precluded (fig. 129). 



Projections of Demand for Veneer 

 Logs and Bolts 



Considerable progress has been made in recover- 

 ing more usable veneer from logs and bolts 

 processed. It is to be expected that further 

 progress in this direction will be forthcoming, at 

 least during the next 20 years. Allowance has 

 been made for such improvement in future 

 utilization in proceeding from the previously 

 developed estimates of veneer and plywood demand 

 to estimates of demand for veneer logs and bolts. 



The volimies of logs and bolts required to meet 

 demand for softwood plywood and veneer, if there 

 is no change in real or relative prices, are as follows: 



Plywood and Veneer logs 



veneer (billion and bolts (bil- 



sq. ft., ^i inch lion bd.-ft., log 



basis) scale) 



1952 '3.3 1.6 



1955 '5.4 2.4 



1975 9.6 3.9 



2«oo.-._ { if;° »;» 



1 Reported production of plywood plus a 4-porceut 

 allowance for container-veneer production. 



These estimates imply a 62 percent increase in 

 demand for softwood logs and bolts during the 

 period 1955-75 (144 percent in the period 1952- 

 75), and a 150 percent or a 192 percent increase 

 during the period 1955-2000. 



Hardwood veneer log and bolt requirements, 

 derived from the foregoing veneer and plywood 

 estimates on the assumption of no change in real 

 or relative price, also allow for some decrease in 

 2000 yields from the levels attained in 1975: 



I'eneer logs 

 Veneer (billion and bolts (bil- 

 sq.ft., surface lion bd.-ft., log 

 measure) scale) 



1952 11.0 1.0 



1955 '13.2 11.2 



1975 21.0 1.7 



2000 I 34-^ ^-^ 



2000 1 39 Q 3 5 



1 Estimated. 



200 



_ 100 



o 

 <=> 



5: 60 

 S" 50 



LLJ 



Q 



- 40 

 30 



20 





NOTE. This chart is plotted on a 

 logarithmic scale. Equal 

 vertical distances denote 

 equal percentoge change. 





PRICE OF PLYWOOD IN 

 RELATION TO PRICE OF 

 ^LUMBER 



x-l* 





/ ^\^^,„^^^ Z^ ^** 



"v^ 



/ \ 



/ 

 / 



'''V ^^^ 



^^*> 





V 



^"--^ .'-' 







^' ^RELATIVE CONSUMPTION OF 

 / VENEER LOGS AND BOLTS 









/ 

















19 



05 10 '15 20 '25 '30 '35 '40 '45 '50 1955 



YEARS 



Figure 129 



439296 O — 58 .30 



