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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Wood construction / Wood Products / Europe / Global / North America
May 12, 2021

US lumber importers are driving buying mania for European lumber

US lumber importers are driving buying mania for European lumber

Facing skyrocketing lumber prices at home, US importers are driving competition for European wood, and winning.

The frenzy comes on the heels of record American forest-products imports from Europe in 2020, when North American demand soared and caught sawmills off guard with low inventories. Lumber prices have reached new peaks on a near daily basis in recent weeks, quadrupling from just a year ago. The unprecedented rally has been spurred by low borrowing rates, an increased appetite for larger homes, and a frenzy of do-it-yourself renovations during the pandemic.

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