Global trade
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Global trade of softwood lumber down 10%
Global trade of softwood lumber fell about 10% in the first half of 2022 compared to the same period in 2021. Most of the decline was driven by lower lumber demand in China, the US, and Germany. The slowdown in lumber consumption worldwide came at an opportune time since European countries, North America, and Asia boycotted Russian forest products after the country invaded Ukraine. As a result, Russia's lumber exports fell by over 30% y-o-y during the first six months of 2022 and are expected to fall further in the year's second half. Lumber Markets – North America A weakening in wood demand and sharply falling lumber prices reduced operating rates throughout North America during the spring and summer months. The most significant declines in production were seen in British Columbia and Western US. Average prices for southern yellow pine and spruce/pine/fir in western and eastern... Continue reading
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November 7, 2022
Global trade of softwood lumber down 10%
Global trade of softwood lumber fell about 10% in the first half of 2022 compared to the same period in 2021. Most of the decline was driven by lower lumber demand in China, the US, and Germany. The slowdown in lumber consumption worldwide came at an opportune time since European countries, North America, and Asia boycotted Russian forest products after the country invaded Ukraine. As a result, Russia's lumber exports fell by over 30% y-o-y during the first six months of 2022 and are expected to fall further in the year's second half. Lumber Markets – North America A weakening in wood demand and sharply falling lumber prices reduced operating rates throughout North America during the spring and summer months. The most significant declines in production were seen in British Columbia and Western US. Average prices for southern yellow pine and spruce/pine/fir in western and eastern... Continue reading
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November 7, 2022
Global trade of softwood lumber down 10%
Global trade of softwood lumber fell about 10% in the first half of 2022 compared to the same period in 2021. Most of the decline was driven by lower lumber demand in China, the US, and Germany. The slowdown in lumber consumption worldwide came at an opportune time since European countries, North America, and Asia boycotted Russian forest products after the country invaded Ukraine. As a result, Russia's lumber exports fell by over 30% y-o-y during the first six months of 2022 and are expected to fall further in the year's second half. Lumber Markets – North America A weakening in wood demand and sharply falling lumber prices reduced operating rates throughout North America during the spring and summer months. The most significant declines in production were seen in British Columbia and Western US. Average prices for southern yellow pine and spruce/pine/fir in western and eastern... Continue reading
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November 7, 2022
Global trade of softwood lumber down 10%
Global trade of softwood lumber fell about 10% in the first half of 2022 compared to the same period in 2021. Most of the decline was driven by lower lumber demand in China, the US, and Germany. The slowdown in lumber consumption worldwide came at an opportune time since European countries, North America, and Asia boycotted Russian forest products after the country invaded Ukraine. As a result, Russia's lumber exports fell by over 30% y-o-y during the first six months of 2022 and are expected to fall further in the year's second half. Lumber Markets – North America A weakening in wood demand and sharply falling lumber prices reduced operating rates throughout North America during the spring and summer months. The most significant declines in production were seen in British Columbia and Western US. Average prices for southern yellow pine and spruce/pine/fir in western and eastern... Continue reading
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November 7, 2022
Global trade of softwood lumber down 10%
Global trade of softwood lumber fell about 10% in the first half of 2022 compared to the same period in 2021. Most of the decline was driven by lower lumber demand in China, the US, and Germany. The slowdown in lumber consumption worldwide came at an opportune time since European countries, North America, and Asia boycotted Russian forest products after the country invaded Ukraine. As a result, Russia's lumber exports fell by over 30% y-o-y during the first six months of 2022 and are expected to fall further in the year's second half. Lumber Markets – North America A weakening in wood demand and sharply falling lumber prices reduced operating rates throughout North America during the spring and summer months. The most significant declines in production were seen in British Columbia and Western US. Average prices for southern yellow pine and spruce/pine/fir in western and eastern... Continue reading
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November 7, 2022
Global trade of softwood lumber down 10%
Global trade of softwood lumber fell about 10% in the first half of 2022 compared to the same period in 2021. Most of the decline was driven by lower lumber demand in China, the US, and Germany. The slowdown in lumber consumption worldwide came at an opportune time since European countries, North America, and Asia boycotted Russian forest products after the country invaded Ukraine. As a result, Russia's lumber exports fell by over 30% y-o-y during the first six months of 2022 and are expected to fall further in the year's second half. Lumber Markets – North America A weakening in wood demand and sharply falling lumber prices reduced operating rates throughout North America during the spring and summer months. The most significant declines in production were seen in British Columbia and Western US. Average prices for southern yellow pine and spruce/pine/fir in western and eastern... Continue reading
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November 7, 2022
Global trade of softwood lumber down 10%
Global trade of softwood lumber fell about 10% in the first half of 2022 compared to the same period in 2021. Most of the decline was driven by lower lumber demand in China, the US, and Germany. The slowdown in lumber consumption worldwide came at an opportune time since European countries, North America, and Asia boycotted Russian forest products after the country invaded Ukraine. As a result, Russia's lumber exports fell by over 30% y-o-y during the first six months of 2022 and are expected to fall further in the year's second half. Lumber Markets – North America A weakening in wood demand and sharply falling lumber prices reduced operating rates throughout North America during the spring and summer months. The most significant declines in production were seen in British Columbia and Western US. Average prices for southern yellow pine and spruce/pine/fir in western and eastern... Continue reading
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October 10, 2022
Global trade of softwood lumber on a downward trend
Global trade of softwood lumber fell about 10% in the first half of 2022. Most of the decline was driven by lower lumber demand in China, the US, and Germany. Lumber prices in Canada and the US fell by about 50% from March to July 2022 but were still close to their five-year averages. The international boycott of Russian forest products created much uncertainty in the European lumber market, and lumber prices softened in early summer. Lumber imports to China fell 44% during 2020-21, and shipments are on pace to reach their lowest levels in ten years in 2022. Sawmills worldwide can look back on a few years with historically high profits due to record-high lumber prices and limited increases in wood raw-material costs. According to the Wood Resource Quarterly, current profit levels are the highest in at least 25 years. Global Timber Markets A halt in Russian log exports and reduced... Continue reading
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November 7, 2022
Global trade of softwood lumber down 10%
Global trade of softwood lumber fell about 10% in the first half of 2022 compared to the same period in 2021. Most of the decline was driven by lower lumber demand in China, the US, and Germany. The slowdown in lumber consumption worldwide came at an opportune time since European countries, North America, and Asia boycotted Russian forest products after the country invaded Ukraine. As a result, Russia's lumber exports fell by over 30% y-o-y during the first six months of 2022 and are expected to fall further in the year's second half. Lumber Markets – North America A weakening in wood demand and sharply falling lumber prices reduced operating rates throughout North America during the spring and summer months. The most significant declines in production were seen in British Columbia and Western US. Average prices for southern yellow pine and spruce/pine/fir in western and eastern... Continue reading
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November 7, 2022
Global trade of softwood lumber down 10%
Global trade of softwood lumber fell about 10% in the first half of 2022 compared to the same period in 2021. Most of the decline was driven by lower lumber demand in China, the US, and Germany. The slowdown in lumber consumption worldwide came at an opportune time since European countries, North America, and Asia boycotted Russian forest products after the country invaded Ukraine. As a result, Russia's lumber exports fell by over 30% y-o-y during the first six months of 2022 and are expected to fall further in the year's second half. Lumber Markets – North America A weakening in wood demand and sharply falling lumber prices reduced operating rates throughout North America during the spring and summer months. The most significant declines in production were seen in British Columbia and Western US. Average prices for southern yellow pine and spruce/pine/fir in western and eastern... Continue reading