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Global Log, Lumber Trade to Reach Highest Levels Since 2008 Financial Crisis

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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, the Wood Resource Quarterly (WRQ), Seattle, Wash., USA, reported this week. The total value that was traded in 2013 was estimated to be more than $50 billion (based on data for the period January-October), with almost two-thirds of the value being that of softwood products.

Although shipments of logs have increased faster than shipments of lumber the past five years, the total value of traded lumber is still more than double that of logs. Softwood lumber is, by far, the most commonly shipped wood product worldwide and the U.S. continues to be the major destination for internationally traded lumber, with Canada currently supplying almost 96% of all imports to the country. Lumber shipped by breakbulk vessels or by container ships accounted for more than half of the total volume of lumber traded in the world in 2013. The largest overseas trade flows were between Canada and Asia, followed by shipments from Sweden to the U.K. and Northern Africa.

The biggest changes in overseas lumber trade in 2013 have been a continued increase in exports from the Nordic countries to Asia (mainly Japan) and from North America (mainly Canada) to China, while there has been a decline in trade within Europe and in shipments from most supplying countries to Northern Africa, according to the WRQ. The unrest and uncertain political situation in Egypt has left supplying sawmills searching for alternative markets, and many lumber companies in Europe and Russia have found new opportunities for increased sales in Asia over the past 12 months.

More information is available online.

 

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