Lumber production has fallen in both the US and Canada in 2019 because of disappointingly low activity in the US housing market and meagre demand for North American lumber in overseas markets.Of the world’s ten leading exporting countries, Russia, Belarus, Germany and Finland have boosted their lumber sales the most this year. Volume traded during the first nine months of 2019 represented the second lowest y-o-y increase for the period in eight years, according to the WRQ.Despite slowing economies in North America, Europe and Asia, lumber imports to these markets were higher in 2019 than in 2018. Russia has surpassed Canada to become the world’s largest exporter of softwood lumber, and was on track to ship almost 32 million m3 of lumber in 2019 (23% of globally traded lumber this year).An excerpt from the newly released market report Wood Resource Quarterly reads. Russia, Belarus, Germany and Finland have boosted their lumber sales the most this year, reports the WRQ. Global trade of softwood lumber slowed in the 3Q/19 but was still on pace to be higher than in 2018. Russia has surpassed Canada to become the world’s largest exporter of softwood lumber, and was on track to ship almost 32 million m3 of lumber in 2019 (23% of globally traded lumber in 2019), reports the Wood Resource Quarterly in its latest issue.
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