US
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Lumber market faces chaos as US tariffs on imports could spike costs
Donald Trump’s plan to impose sweeping tariffs on softwood lumber imports in April could plunge the US construction sector into turmoil, with significant consequences for homebuilding costs and mortgage rates. Initially targeting Canadian lumber, the proposed measures may also extend to European suppliers. Canada currently provides nearly a quarter of the lumber consumed in the US, while European imports make up a significant portion of the remainder. Across-the-board tariffs on imports could create uncertainty for both suppliers and buyers, clouding the national homebuilding outlook. Market conditions for 2025 had previously appeared relatively stable, with supply and demand finding better balance. However, the potential tariffs have disrupted these expectations. Before the announcement, demand was expected to remain moderate while excess supply had been reduced, creating the... Continue reading
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February 26, 2025
Lumber market faces chaos as US tariffs on imports could spike costs
Donald Trump’s plan to impose sweeping tariffs on softwood lumber imports in April could plunge the US construction sector into turmoil, with significant consequences for homebuilding costs and mortgage rates. Initially targeting Canadian lumber, the proposed measures may also extend to European suppliers. Canada currently provides nearly a quarter of the lumber consumed in the US, while European imports make up a significant portion of the remainder. Across-the-board tariffs on imports could create uncertainty for both suppliers and buyers, clouding the national homebuilding outlook. Market conditions for 2025 had previously appeared relatively stable, with supply and demand finding better balance. However, the potential tariffs have disrupted these expectations. Before the announcement, demand was expected to remain moderate while excess supply had been reduced, creating the... Continue reading
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August 30, 2023
U.S.-Vietnam meeting indicates possible future tariffs on timber imports
Nearly two years after the reaching an agreement that avoided Section 301 tariffs on imports from Vietnam, the U.S. indicated concerns about Hanoi’s implementation of that agreement.... Continue reading
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June 16, 2022
Brazil boosts plywood exports to EU as falling supplies to US
In May, Brazil reduced plywood exports to the U.S. by 38% year-on-year to 101 thousand m3. At the same time, the country doubled plywood deliveries to the European Union, up to 89 thousand m3. In particular, deliveries to the UK jumped by 69% to 20 thousand tons. m3, supplies to Germany increased by 46% to 20 thousand m3. Brazil's plywood exports to Belgium and Italy doubled. Brazil’s exports of plywood dipped 4.3% year-on-year to 264.8 thousand m3 in May. The value of exports fell 16% to $112 million. Average price of plywood declined 12% to $422 per m3. In May, Florida Сourt’s permanent injunction suspended sale of Brazilian plywood in the U.S. Judge Roy Altman entered a permanent injunction requiring the revocation of all PS 1 certificates issued by PFS-TECO to over a dozen Brazilian mills producing structural plywood for the U.S. market. The decision forces wholesalers... Continue reading
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February 14, 2023
US hardwood lumber expand to MENA region
The total exports of US hardwood lumber and veneer to the Middle East and North Africa region surged by 11% in 2022 to hit $107 million, said a report by American Hardwood Export Council (AHEC) released ahead of a key industry event - Dubai WoodShow. To be held from March 7 to 9 at the Dubai International Exhibition and Convention Centre, the event will see AHEC host a large American Hardwood Pavilion with individual booths occupied by 14 US hardwood exporting companies as well as the Indiana State Department of Agriculture. The 14 companies participating in the pavilion are Allegheny Wood Products, Baillie Lumber, Boss Lumber, Cascade Hardwood, Cummings Lumber, Hardwoods of America, Kamps Hardwoods, Kennebec Lumber, Midwest Hardwood, Missouri Walnut, Nina Company, Oaks Unlimited, Penn-Sylvan International and Wheeland Lumber. According to AHEC, the Mena region remains a very... Continue reading
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December 13, 2023
Global sawmill production falls sharply; turnaround expected in U.S. in 2024
Sawmills in many parts of the world have already reduced production and the trend continues. Central Europe and Canada have decreased the most. In Canada, according to our assessments, sawmill production has been reduced by roughly 20% or roughly 15 million m3 in the last five years.... Continue reading
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February 26, 2025
Lumber market faces chaos as US tariffs on imports could spike costs
Donald Trump’s plan to impose sweeping tariffs on softwood lumber imports in April could plunge the US construction sector into turmoil, with significant consequences for homebuilding costs and mortgage rates. Initially targeting Canadian lumber, the proposed measures may also extend to European suppliers. Canada currently provides nearly a quarter of the lumber consumed in the US, while European imports make up a significant portion of the remainder. Across-the-board tariffs on imports could create uncertainty for both suppliers and buyers, clouding the national homebuilding outlook. Market conditions for 2025 had previously appeared relatively stable, with supply and demand finding better balance. However, the potential tariffs have disrupted these expectations. Before the announcement, demand was expected to remain moderate while excess supply had been reduced, creating the... Continue reading