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In 2018, overseas supply of softwood lumber to the US reached a 11-year high
Hakan Ekstrom
With forest product imports from the US deteriorating and American wood product exporters losing market shares in the Chinese market, imports from other countries, including Canada and Russia, have fallen less or even expanded the past year.
Hakan Ekstrom
With the tight wood fiber supply in the US South, wood chip and pulplog prices in the 1Q/19 reached their highest levels in almost seven years in both in the South Central and Southeastern states.
Hakan Ekstrom
Demand for imported pellets in Japan and South Korea continued a three-year growth trend to reach record highs in the 4Q/18.
Hakan Ekstrom
In late 2018, gross margins for sawmills in North America fell while they were fairly stable in Europe and Russia.
Hakan Ekstrom
Pulpmills in some of the major hardwood pulp-producing regions in the world, including China, Finland, Indonesia and Spain, have seen their fiber costs go up between 10-30% the past two years.
Håkan Ekström
New Zealand has increased its market share from 30% to 44% of the total softwood log imports to China in just three years. While Canada and Russia have reduced log shipments the past few years, other smaller log suppliers including Japan, Poland, Chile and South Africa have expanded shipments.
Hakan Ekstrom
US lumber prices have gone through a historical roller-coaster ride over the past 12 months, falling 33% from June 2018 to January 2018.
Hakan Ekstrom
The limited price improvements over the past few years, oversupply of pine pulplogs, and potentially more attractive land-use alternatives in the agricultural sector, have led some landowners in Brazil to choose to plant agricultural crops rather than trees
Hakan Ekstrom
A gloomier outlook by Chinese consumers and a shortage of credits for many provincial governments and state-run firms have contributed to reduced demand for forest products
Hakan Ekstrom
Shipments of hardwood chips from Australia, the second largest chip supplier to China, have also increased over the past year but at a much more modest pace than shipments from Vietnam.
Hakan Ekstrom
Wood chip prices in western Canada and western US have gone up 25% from 3Q/17 to 3Q/18, the biggest in crease in North America.
Hakan Ekstrom
The timber harvests on public lands in British Columbia are set to decline over the next decade and uncertainty surrounds log availability in the eastern provinces.
Håkan Ekström
Sawlog prices in Russia and Eastern Europe have fallen in 2018 following a year of increases.
Håkan Ekström
The Global Softwood Fiber Price Index fell in the 2Q/18 but was still almost 8% higher the in the 2Q/17.
Hakan Ekstrom
Chinese importers have gradually shifted their historical preference for logs away from the Russian Federation towards New Zealand and instead are importing softwood lumber from their forest-rich neighbor in the north.
Håkan Ekström
• Softwood lumber prices were substantially higher in North America, Europe and China in the 2Q/18 as compared to the same quarter in 2017.
Hakan Ekstrom
Gross margins for sawmills in the Nordic countries were close to the highest they have been in over four years in the 2Q/18, while they reached levels not seen in more than a decade in other parts of Europe
Håkan Ekström
Softwood and hardwood log imports to Sweden up 25% and 70%, respectively in early 2018 as compared to early 2017.
Hakan Ekstrom
The US Pellet Feedstock Price Index fell 3.0% from 1Q/17 to 1Q/18 because of lower usage of costly roundwood
Hakan Ekstrom
The Global Hardwood Fiber Price Index reached the highest level in three years in the 1Q/18
Hakan Ekstrom
It is expected that US softwood lumber supply sources will shift to meet future increase in US lumber demand. Factors influencing these shifts include changes in availability of timber supply, prices of sawlogs, competitiveness of lumber producers, exchange rates and developments in alternative markets for lumber producers in Canada and overseas.
Hakan Ekstrom
• After softwood lumber consumption in the US reached a ten-year high in 2017, demand fell in early 2018. Despite the reduced consumption, lumber production on the US west coast jumped by over nine percent y-o-y in the 1Q/18 thanks to strong demand for lumber from China during the past year.
Hakan Ekstrom
Tights fiber supply in British Columbia and the US Northwest pushed chip prices up over 12% in the 1Q/18
Håkan Ekström
Lumber imports from Russia to China has doubled the past five years, while North American supply has been in decline.
Hakan Ekstrom
Changes in availability of timber supply, prices of sawlogs, competitiveness of lumber producers are some factors that are likely to shift future lumber supply sources to meet higher demand in the US.
Hakan Ekstrom
By far the biggest sawlog price increases in Europe in 2017 (in Euro-terms), was in Eastern Europe, where demand for sawlogs increased as lumber production rose.
Hakan Ekstrom
Strong demand and tight supply of wood fiber in Sweden resulted in increased wood chip imports in late 2017
Hakan Ekstrom
The Global Softwood Fiber Price Index (SFPI) increased 4.0% during 2017 mainly because of higher pulpwood prices in Western North America, Europe, Russia and Australia
Hakan Ekstrom
US softwood lumber consumption likely to reach record high by 2030 resulting in higher imports from Europe and Latin America
Hakan Ekstrom
Global softwood lumber trade reached an all-time high in 2017 during the 1H/17 and lumber prices have continued to move upward in most men markets around the world.
Hakan Ekstrom
Changes in availability of timber resources and forecasted increases in wood raw-material costs for sawmills around the world are likely to impact the trade of softwood lumber to the US in the future.
Hakan Ekstrom
The Global Sawlog Price Index (GSPI) has gone up for three consecutive quarter to reach a three-year high in the 3Q/17
Hakan Ekstrom
The Russian sawmilling sector continues to add capacity in Siberia and the Far East, targeting the expanding demand for lumber in China. Just during the first eight months of this year, Russia increased shipments to China by 23% as compared to the same period in 2016. Although Russian lumber prices have not changed much in Ruble terms over the past two years, there has been a steady increase in export prices as measured in US dollars.
Hakan Ekstrom
The increased competition for small-diameter logs has resulted in a dwindling supply of traditional pulplogs normally available for pulpmills
Hakan Ekstrom
The biggest increases in chip supply to Japan and China year-over-year have been from Chile and Indonesia.
Hakan Ekstrom
With price premiums surging in the export market, Australia's log exports reach record levels in 2017.
Hakan Ekstrom
Production cost margin for sawmills in the US South increased during much of 2016 and 2017 and reached its second highest level in 13 years in the 2Q/17.
Hakan Ekstrom
Hakan Ekstrom
In Finland, Russian and Brazil log costs have gone up faster than lumber prices resulting in reduce profit margins the past 18 months.
Lumber prices in both the US and Canada have trended upward for almost two years and reached 13-year highs in July. One exception has been pine lumber prices in the US South, which have fallen the past few months to the lowest level seen in almost a year.
Hakan Ekstrom
Hakan Ekstrom
Wood fiber costs for Nordic pulp mills were at their lowest level in over ten year in early 2017
There are expectations that sawlog prices may continue to go up in the coming months because of improved opportunities for Brazilian exporters of lumber, plywood and value-added products.
Hakan Ekstrom
Lower log and sawdust prices in the US South have resulted in a 15% decline of the Pellet Feedstock Price Index since 2013
Hakan Ekstrom
Although lumber production in New Zealand has increased the past three years, export volumes have fallen 15%.
Hakan Ekstrom
Lumber shipments from New Zealand to the US have gone up 37% the past four years and can be expected to increase in the future.
Hakan Ekstrom
The wood cost is often the major factor determining a pulp mill's competitiveness. In 2016 and early 2017, these costs fell in the US, with prices for wood chips and pulplogs declining more in the West than in the South.
Hakan Ekstrom
Consumption of pellets in Japan and South Korea has increased quite rapidly the past four years because of new government requirements which favor reducing carbon emissions and increasing the usage of renewable energy.
Hakan Ekstrom
Prices for imported softwood lumber to China have been in a steady upward trend during 2016 and 2017 with the average import price in March 2017 being 13% higher than 18 months earlier.
Hakan Ekstrom
High import tariffs on Canadian softwood lumber will increase overseas imports but Canada will remain the largest and most important supplier of lumber to the US housing market
Hakan Ekstrom
High supply of sawmills chips in Quebec and Ontario may force lumber companies to export chips outside the country
Hakan Ekstrom
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Lumber prices have increased worldwide in the second half of 2020 with US prices almost doubling

Lumber Markets - Europe Lumber trade fell slightly in Europe in 2020. During the first eight months, shipments from the major exporting countries were down 1.2% - the first y-o-y decline in eight years, reports the WRQ. Countries that have reduced exports the most so far this year include Finland, Latvia, and Austria.There have been mixed developments in the Nordic countries, with Finland shipping substantially less lumber this year, while Sweden actually increased shipments. Sweden is on track to reach an all-time high in export sales this year. The markets where Swedish exporters have

Softwood lumber trade was up 5% in the first half of 2019 on a worldwide basis, with China reaching record-high imports in the 2Q

Demand for lumber in China, the United Kingdom, Egypt and the Netherlands increased this year despite a slowdown in the global economy. Global softwood lumber trade was up just over five percent year-over-year during the first half of 2019. Of the major importing countries in the world, only Japan and Germany have experienced major declines in imports so far this year.This is a brief excerpt from the newly released market report Wood Resource Quarterly). To read the full 56-page quarterly report, please visit www.WoodPrices.comto initiate a subscription.             WRQ - 32 Years of

Global trade of lumber increased in the 1Q/19, Russian lumber exports are on the rise and US lumber prices were substantially lower than in early 2019

Global trade of softwood lumber reached 120 million m3 in 2018, the second highest level on record. The uptick in demand for lumber continued in early 2019, with most of the major lumber-exporting countries increasing their shipments as compared to early 2018.Global Softwood Lumber Trade Global trade of softwood lumber reached 120 million m3 in 2018, the second highest level on record. The uptick in demand for lumber continued in early 2019, with most of the major lumber-exporting countries increasing their shipments as compared to early 2018. Out of the top-ten exporting countries,

Global softwood lumber trade fell 7% in 2018, US lumber prices took a roller coaster ride and China’s wood demand slowed in the 2H/18

In 2018, global trade of lumber fell for the first time in five years, with total trade down 7% year-over-year. This was also the year when US lumber prices went through a historical roller-coaster ride and China's imports of lumber declined.This is a brief excerpt from the newly released market report Wood Resource Quarterly). To read the full 56-page quarterly report, please visit www.WoodPrices.com             WRQ - 31 Years of Global Wood Price Reporting Global Softwood Lumber Trade In 2018, global trade of lumber fell for the first time in five years, with total trade down 7%

Declining trade of softwood lumber, plummeting lumber prices in the US and slowing wood demand in China were some of the biggest international lumber developments in late 2018

Global trade of softwood lumber from January through September 2018 was down 2.5% as compared to the same period last year. China, Japan, the United Kingdom and the MENA region reduced their imports, while the US and continental Europe have imported more lumber this year than in 2017.This is a brief excerpt from the newly released market report Wood Resource Quarterly). To read the full 56-page quarterly report, please visit www.WoodPrices.comto initiate a subscription.             WRQ - 31 Years of Global Wood Price Reporting Global Softwood Lumber Trade Global trade of softwood

Exports of softwood lumber from Russia, Germany and the Nordic countries have increased due to high demand for wood in Asia and Europe in early 2018

Worldwide trade of lumber inched up again in early 2018, hinting that this may be another record year. Six of the ten largest lumber-exporting countries in the world have increased their shipments in 2018, with exports from Russia, Germany, Ukraine and Austria increasing the most year-over-year.Global Softwood Lumber Trade Worldwide trade of lumber inched up again in early 2018, hinting that this may be another record year. Six of the ten largest lumber-exporting countries in the world have increased their shipments in 2018, with exports from Russia, Germany, Ukraine and Austria

Global lumber prices continued their two-year climb in the 1Q with the pace higher in North America than in the Nordic countries, Russia and China

This is a brief excerpt from the newly released market report Wood Resource Quarterly. To read the full 56-page quarterly report, please visit www.WoodPrices.com to initiate an annual subscription.                         WRQ - 31 Years of Global Wood Price ReportingLumber markets – North America After softwood lumber consumption in the US reached a ten-year high in 2017, demand fell in early 2018. Despite the reduced first quarter consumption, lumber production on the US west coast was actually up by 9% y-o-y when compared to the 1Q/17 due to strong demand from China. In fact,

Global trade of softwood lumber reached a record-high in 2017 as demand for wood continued to increase in the US, China and Europe

Trade of softwood lumber reached an all-time-high in 2017 as demand for wood was strong in most key markets around the world, as reported in the latest issue of the Wood Resource Quarterly. Lumber prices from Canada, the Nordic countries and Russia moved up to the highest levels in over two years in the 4Q/17.This is an excerpt from the newly released market report Wood Resource Quarterly. To read the full 56-page quarterly report, please visit www.woodprices.com to initiate an annual subscription.             WRQ - 30 Years of Global Wood Price Reporting Global Lumber Trade

Record high prices for softwood lumber in North America and rising export prices in Sweden, Finland and Russia as wood demand picks up

Demand for imported softwood lumber to the US has fallen by six percent during the first nine months of 2017 as compared to the same period in 2016. In contrast, Chinese import volumes have been up 21% year-over-year.This is an excerpt from the newly released market report Wood Resource Quarterly. To read the full 56-page quarterly report, please visit www.woodprices.com to initiate an annual subscription.             WRQ - 30 Years of Global Wood Price Reporting Global Lumber Trade Demand for imported softwood lumber to the US has fallen by six percent during the first nine

Increased demand for softwood lumber worldwide has pushed lumber prices upward, particularly in the US and China during the first half of 2017

International trade of softwood lumber is on pace to a new record high in 2017 if the trend from the first six months of 2017 continues in the second half of the year. Of the ten largest lumber-exporting countries in the world, Russia, Finland, Austria and Ukraine increased shipments the most year-over-year during the first half of 2017. Russia alone, has accounted for 22% of global lumber trade so far in 2017, which is up from 15% ten years ago, according to the WRQ. Canada’s seven consecutive years of expanding shipments may reach an end this year with export volumes having declined 2.2%

Global softwood lumber prices rose in early 2017 with prices in North America hitting a 13-year high and Chinese prices increasing 13% in 18 months

Softwood lumber prices in the US jumped in early 2017 to hit a 13 year high in April. Prices for softwood lumber imported to the major markets in Asia, China and Japan, were also higher year-over-year in early 2017, with Chinese import prices being more than 20% higher in the 1Q/17 as compared the 1Q/16, according to the latest Wood Resource Quarterly. In Europe, lumber prices continued trending downward with the Nordic export prices in the 1Q/17 falling to their lowest levels in ten years.This is an excerpt from the newly released market report Wood Resource Quarterly. To read the full

Global trade of softwood lumber has gone up 66 percent in seven years, while lumber prices have fallen substantially over the same time-period

Global softwood lumber trade increased 12 percent year-over-year to reach a new record-high of 121 million m3 in 2016, per estimates by WRI. Since the global financial recession in 2009, there has been a steady climb in international trade of lumber, with shipments the past seven years having increased as much as 66 percent.This is an excerpt from the newly released market report Wood Resource Quarterly. For subscription to the full 52-page report, please visit www.woodprices.com Global Lumber Trade Global softwood lumber trade increased 12 percent year-over-year to reach a new

Global trade of softwood lumber forecasted to increase by almost 14% in 2016, driven by higher wood demand in China and the US

Global demand for lumber has increased in 2015 and 2016, resulting in a rise in trade by 10.2% in 2015, and WRI estimates that the increase will be as much as 13.6% in 2016. Lumber prices have been mixed in 2016 with increases in North America, Japan and China,while fairly stable in Northern Europe and Russia.An excerpt from the newly released market report Wood Resource Quarterly. For subscription to the full 52-page report, please visit www.woodprices.com Global Lumber Trade The World Trade Organization (WTO) reported in September that world trade will expand by only 1.7% in 2016, a

Softwood lumber prices have trended upward during the first six months of 2016 because of higher demand and a weaker dollar

Demand for softwood lumber has gone up in many markets around the world in 2016, resulting in a substantial increase in global lumber trade. With very few exceptions, the major importing countries have imported more lumber during the first six months this year than they did during the same period in 2015, according to estimates by the Wood Resource Quarterly (WRQ).An excerpt from the newly released market report Wood Resource Quarterly. For subscription to the full 52-page report, please visit www.woodprices.com Global Lumber Trade Demand for softwood lumber has gone up in many

Global trade of softwood lumber reached a 10-year high in 2015, with lumber prices trending downward in many key markets over the course of the year

A majority of the 20 largest softwood lumber-consuming countries in the world increased their importation of lumber in 2015, resulting in global trade reaching its highest level in ten years. The US imported 10% more lumber year-over-year and a number of countries in Europe also raised their consumption of imported lumber last year.Following is an excerpt from the Global Lumber Market Update from the most recent issue of the Wood Resource Quarterly (www.woodprices.com):  North America The US lumber market was a bright spot as compared to most other regions of the world in 2015. As a

Global trade of softwood lumber increased in 2015, though prices have trended downward in key markets

Both domestic and export prices of softwood lumber have fallen in the US, Europe and China during the 3Q/15, reports the Wood Resource Quarterly. Russian lumber exporters have had a good year with record-high export volumes, competitive export prices and 20% higher prices in Ruble terms.Despite occasional gloomy reports from the sawmilling industry around the world this year, softwood lumber trade increased during the first nine months of 2015 as compared to the same period in 2014. It should also be noted that global trade in 2015 will likely reach its highest level since 2006. The

Softwood lumber prices continued to fall in many markets around the world in the 2Q/15 because of weaker demand and high inventories

Despite reduced demand for lumber in the US, Europe and Asia, lumber production and trade volumes were relatively high during the first half of 2015, reports the Wood Resource Quarterly. The supply/demand imbalance resulted in downward price pressure in key markets during the 2Q/15.Seattle, USA. Softwood lumber prices (in US $) have fallen throughout a majority of the main markets in the world during the 2Q/15 because of weaker demand, ample supply throughout the distribution chain and a strengthening US dollar. The biggest declines have occurred in the US, Canada and the Nordic countries,

Lumber prices have fallen sharply in key markets around the world in early 2015 with the biggest declines seen in North America and Europe

Lower demand and a strengthening US dollar have sent lumber prices plummeting in the 1Q/15 to their lowest levels in more than two years in North America and Europe, reports the Wood Resource Quarterly. Import prices to Japan and China have followed a similar trend, although the decline has been less dramatic.Seattle, USA. Lumber prices have fallen throughout a majority of the main softwood lumber markets in the world during the 1Q/15. The biggest declines have occurred in the US, Canada and the Nordic countries, while the drop in import prices to China and Japan has been more modest.

Softwood lumber prices fell towards the end of 2014 in the US, Japan and the Nordic countries

Softwood lumber exports were 5-8% higher in Canada, Russia and the Nordic countries in 2014 compared to 2013, reports the Wood Resource Quarterly. Prices for lumber trended down over the course of the year, mainly because of the strengthening US dollar and weaker wood markets in Europe and Asia.Seattle, USA. Global trade of softwood lumber has continued to trend upward ever since the global financial crises in 2008. In 2014, export volumes were up 5-8 percent for a majority of the largest lumber-exporting countries in the world, including Canada, Russia, Finland, Sweden and Germany,

Softwood lumber prices have trended downward in the US, Russia and Japan this fall, while they have gone up in China and the Nordic countries

Prices for softwood lumber imported to China increased this fall, while they fell in Japan as the housing market weakened. In the US, lumber prices were moving downward in the 3Q, while still being close to their highest levels in ten years, reports the Wood Resource Quarterly. In the Nordic countries and Russia, lumber exports have increased because of higher demand for wood in key markets in Europe and the MENA countries.Seattle, USA. Demand for softwood lumber has been steadily increasing on a worldwide basis since the great recession. The higher consumption of lumber has resulted in a

Global trade of softwood lumber was up seven percent in the first six months of 2014, with Russia, Germany and Sweden increasing shipments the most

Higher demand for wood products following the global recession has resulted in a steadily increasing trade in softwood lumber the past five years, reports the Wood Resource Quarterly. Global shipments in the first half of 2014 were up seven percent as compared to the same period in 2013.Seattle, USA. Demand for softwood lumber has been steadily increasing on a worldwide basis since the great recession. The higher consumption of lumber has resulted in a rise in the global trade of lumber with shipments in 2014 on pace to be the highest since 2006 and 36% higher than five years ago, which was

Global trade of softwood lumber in 2013 to reach its highest level in five years

With demand for lumber being in recovery mode in a number of countries in the world in 2013, global trade of both lumber and logs were on track to reach their highest levels since before the global financial crisis in 2008, reports the Wood Resource Quarterly. The biggest increases in overseas lumber trade have been from Canada to China and from the Nordic countries to Japan.Seattle, USA. Global trade of both logs and softwood lumber was higher in 2013 than it was in 2012 with both products reaching their highest levels traded since before the global financial crises in 2008, as reported in

Lumber markets improved sharply in the US during 2012 and early 2013; prices have increased over 60 percent since late 2011

The lumber market in the US really took off in late 2012 and early 2013. Lumber prices in February were more than 60 percent higher than in late 2011. Increased lumber production has put upward pressure on sawlog prices and in the US Northwest, Douglas-fir sawlog prices reached a five-year high in the 4Q/12, according to the North American Wood Fiber Review.Seattle, USA. Lumber production in the US and Canada improved during 2012, with total output in 2012 being eight percent and five percent higher, respectively, than in 2011, according to WWPA. Sawmills in the Western region have been

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