6 Mar 2018
Although the USA’s foreign trade in softwood lumber declined by 3% in 2017, the startling statistic was the rise in imports from Europe, which increased by 225% to 1.8 million cubic metres. Canada still supplies over 90% of all the USA’s softwood lumber imports, but the quantum fell by 7% in 2017 as Canada directed more supplies to China, thus opening the door for European exports, principally those from Germany and Sweden. This has long been a factor in the global supply chain. As China’s consumption rises it draws supplies away from traditional markets, tightening the supply chain in the process, leading to higher prices.