Abstract
The ongoing COVID-19 pandemic has disrupted global economic activity in all sectors, including forest industries. Changes in demand for forest products in North America over the course of the pandemic have affected both primary processors and downstream industries reliant on residues, including wood pellet producers. Wood pellets have become an internationally traded good, mostly as a substitute for coal in electricity generation, with a significant proportion of the global supply coming from Canadian producers. To determine the effect of the COVID-19 pandemic on the Canadian wood pellet industry, economic and market data were evaluated, in parallel with a survey of Canadian manufacturers on their experiences during the first three waves of the pandemic (March 2020 to September 2021). Overall, the impact of the pandemic on the Canadian wood pellet industry was relatively small, as prices, exports, and production remained stable. Survey respondents noted some negative impacts, mostly in the first months of the pandemic, but the quick recovery of lumber production helped to reduce the impact on wood pellet producers and ensured a stable feedstock supply. The pandemic did exacerbate certain pre-existing issues, such as access to transportation services and labour availability, which were still a concern for the industry at the end of the third wave in Canada. These results suggest that the Canadian wood pellet industry was resilient to disruptions caused by the pandemic and was able to manage the negative effects it faced. This is likely because of the integrated nature of the forest sector, the industry’s reliance on long-term supply contracts, and feedstock flexibility, in addition to producers and end-users both being providers of essential services.
Subject
Energy (miscellaneous),Energy Engineering and Power Technology,Renewable Energy, Sustainability and the Environment,Electrical and Electronic Engineering,Control and Optimization,Engineering (miscellaneous)
Cited by
6 articles.
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