US Imports Less Lumber From Canada

Gernsbach, Germany:The US imported a total of 8.456 million cubic metres of softwood lumber from Canada in the first quarter of this year which, according to the figures from the US Department of Agriculture, Foreign Agriculture Service (FAS), equates to a reduction of 16 percent against last year, reported by EUWID.  

 

After imports in January had still been slightly higher than a year earlier at +1.6 percent, the FAS recorded reductions of 30 percent and almost 15 percent respectively for February and March. 

 

Owing to the comparatively high softwood lumber prices on the US market in the first quarter, the value of the Canadian deliveries increased 15 percent to US$1.418 billion; the value per unit rose by a good 36 percent to US$167.7/cubic metre.

 

The FAS also recorded a reduction in US softwood lumber exports for the first quarter. At a total of 782,448 cubic metres, the exports were four percent below the figure for a year earlier. 

 

The main reason for this minus was the 18 percent reduction in exports to Asia to 194,315 cubic metres whereby deliveries to China and Japan both fell sharply by 15 percent and 23 percent respectively to 122,840 cubic metres and 50.961 cubic metres. 

 

Exports to Taiwan also fell 24 percent short of last year’s level. Whilst Asia export decreased, deliveries to customers in South America were raised by 10 percent to 305,657 cubic metres. Roughly six percent more softwood lumber was exported to Canada as well at 180,121 cubic metres (170,613 cubic metres).

 

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