Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / China / Global / North America
November 12, 2018
Forecast: China to become British Columbia’s main forest products export market, surpassing the US
Canada’s key export-support organization boldly predicts China will surpass the United States as British Columbia’s top market for forest products within 12 years, if long-term trends hold. “This is really about differential growth in the markets,” said Peter Hall, chief economist for Export Development Canada, as quoted by Vancouver Sun. “China has long and strong potential growth and the U.S. is a fully developed economy.” That projection appears to counter a short-term decline in lumber sales to China following the country’s meteoric rise in imports ...
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