Consequently, exports to China fell by over 50% in the first nine months of 2021 compared to the previous year. market, mainly due to the record-high lumber prices in the neighbouring country. In the spring of 2021, many sawmills in Western Canada shifted their overseas sales to the U.S. domestic prices plunged.Ĭanada’s lumber exports fell by about 13% q-o-q in the 3Q/21 to less than nine million m3. European import prices fell by about 20% q-o-q in the 3Q/21 as U.S. The second and third largest suppliers to the U.S. for the past five years, with a market share of about 35%, according to the WRQ. Germany has been the dominant overseas lumber supplier to the U.S. This decline followed a quarter where volumes reached their highest level in 15 years, with most shipments originating in Europe.
In the 3Q/21, overseas lumber imports to the U.S. Unsurprisingly, the countries with the most significant increases in imports in 2021 have all been in Europe and the U.S., where demand was high, while shipments to Asia and the MENA region have declined as their construction sectors weakened this year. In ranking order, the export countries with the most significant increases in shipments include Finland, Canada, Germany, and the Czech Republic. This year, the strong demand for wood products in Europe and North America has increased lumber trade during the first nine months of 2021 by about three per cent y-o-y.
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