Lumber trade
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Disruptions in global trade of lumber and logs due Ukraine war
Russia’s invasion of Ukraine on February 24th came as a shock to many in Europe and around the world. Beyond the human cost of the war, it’s having profound impacts on global markets – including markets for forest products. We see the conflict impacting markets for forest products in three main ways: 1. Trade restrictions. Western countries have introduced trade sanctions against Russia and Belarus for both the import and export of many products. Russia and Belarus are in turn retaliating with their own sanctions. Meanwhile, Ukraine’s production and export of forest products will fall dramatically while war rages in the country. Forest products from all three countries are now classified as “conflict timber” and thereby no longer certified by leading forest certification organizations. Together, these restrictions are reshaping global trade flows. Some of the changes will... Continue reading →
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November 2, 2022
Disruptions in global trade of lumber and logs due Ukraine war
Russia’s invasion of Ukraine on February 24th came as a shock to many in Europe and around the world. Beyond the human cost of the war, it’s having profound impacts on global markets – including markets for forest products. We see the conflict impacting markets for forest products in three main ways: 1. Trade restrictions. Western countries have introduced trade sanctions against Russia and Belarus for both the import and export of many products. Russia and Belarus are in turn retaliating with their own sanctions. Meanwhile, Ukraine’s production and export of forest products will fall dramatically while war rages in the country. Forest products from all three countries are now classified as “conflict timber” and thereby no longer certified by leading forest certification organizations. Together, these restrictions are reshaping global trade flows. Some of the changes will... Continue reading →
Popular this Month
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November 2, 2022
Disruptions in global trade of lumber and logs due Ukraine war
Russia’s invasion of Ukraine on February 24th came as a shock to many in Europe and around the world. Beyond the human cost of the war, it’s having profound impacts on global markets – including markets for forest products. We see the conflict impacting markets for forest products in three main ways: 1. Trade restrictions. Western countries have introduced trade sanctions against Russia and Belarus for both the import and export of many products. Russia and Belarus are in turn retaliating with their own sanctions. Meanwhile, Ukraine’s production and export of forest products will fall dramatically while war rages in the country. Forest products from all three countries are now classified as “conflict timber” and thereby no longer certified by leading forest certification organizations. Together, these restrictions are reshaping global trade flows. Some of the changes will... Continue reading →
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April 8, 2020
Pandemic effects on the global trade of wood products likely to last until 2021
Pandemic effects will be delayed for forest products industries and recovery slower, particularly for landowners who will likely see very weak stumpage markets in 2021, 2022; lumber demand, production will be slow in H2 and much of 2021. With millions of Americans already out of work and continued job losses exceeding that of the Great Recession of 2009, U.S. gross domestic product is projected to decline by eight percent in 2020. There are projections that it could take up to three years for the U.S. economy to... Continue reading →
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November 2, 2022
Disruptions in global trade of lumber and logs due Ukraine war
Russia’s invasion of Ukraine on February 24th came as a shock to many in Europe and around the world. Beyond the human cost of the war, it’s having profound impacts on global markets – including markets for forest products. We see the conflict impacting markets for forest products in three main ways: 1. Trade restrictions. Western countries have introduced trade sanctions against Russia and Belarus for both the import and export of many products. Russia and Belarus are in turn retaliating with their own sanctions. Meanwhile, Ukraine’s production and export of forest products will fall dramatically while war rages in the country. Forest products from all three countries are now classified as “conflict timber” and thereby no longer certified by leading forest certification organizations. Together, these restrictions are reshaping global trade flows. Some of the changes will... Continue reading →
Popular this Month
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November 2, 2022
Disruptions in global trade of lumber and logs due Ukraine war
Russia’s invasion of Ukraine on February 24th came as a shock to many in Europe and around the world. Beyond the human cost of the war, it’s having profound impacts on global markets – including markets for forest products. We see the conflict impacting markets for forest products in three main ways: 1. Trade restrictions. Western countries have introduced trade sanctions against Russia and Belarus for both the import and export of many products. Russia and Belarus are in turn retaliating with their own sanctions. Meanwhile, Ukraine’s production and export of forest products will fall dramatically while war rages in the country. Forest products from all three countries are now classified as “conflict timber” and thereby no longer certified by leading forest certification organizations. Together, these restrictions are reshaping global trade flows. Some of the changes will... Continue reading →
Popular this Month
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December 21, 2018
Global trade of softwood lumber down in 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. Lumber markets – North America After US lumber imports reached a 10-year high in the 2Q/18, import volumes fell 3.5% to 9.44 million m3 in the 3Q/18, which was still over ten percent more than in the same quarter in 2017. The trend over the past few years has been that the market share for overseas lumber supply to the US has increased at the expense of Canadian supply, as reported in the Wood Resource Quarterly (WRQ). The Canadian share has fallen from 95% of total imports in 2016 to 91% in 2018. Lumber prices in the US plummeted during the summer and fall, with major grades falling about 40%... Continue reading →
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March 18, 2019
Global lumber trade falls due to slowing markets in US, China, UK and Japan
In 2018, global trade of lumber fell for the first time in five years, with total trade down 7% year-over-year. The four largest importing countries, the US (-18%), China (-5%), the United Kingdom (-13%) and Japan (-6%) all imported less in 2018 than in the previous year. Much of the decline was the result of weaker economic prospects and reduced housing starts. Lumber markets – North America... Continue reading →
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December 25, 2015
Global softwood lumber trade close to 9-year high
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March 18, 2019
Global lumber trade falls due to slowing markets in US, China, UK and Japan
In 2018, global trade of lumber fell for the first time in five years, with total trade down 7% year-over-year. The four largest importing countries, the US (-18%), China (-5%), the United Kingdom (-13%) and Japan (-6%) all imported less in 2018 than in the previous year. Much of the decline was the result of weaker economic prospects and reduced housing starts. Lumber markets – North America... Continue reading →
Popular this Month
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November 2, 2022
Disruptions in global trade of lumber and logs due Ukraine war
Russia’s invasion of Ukraine on February 24th came as a shock to many in Europe and around the world. Beyond the human cost of the war, it’s having profound impacts on global markets – including markets for forest products. We see the conflict impacting markets for forest products in three main ways: 1. Trade restrictions. Western countries have introduced trade sanctions against Russia and Belarus for both the import and export of many products. Russia and Belarus are in turn retaliating with their own sanctions. Meanwhile, Ukraine’s production and export of forest products will fall dramatically while war rages in the country. Forest products from all three countries are now classified as “conflict timber” and thereby no longer certified by leading forest certification organizations. Together, these restrictions are reshaping global trade flows. Some of the changes will... Continue reading →