Increasing demand for softwood lumber worldwide

International trade of softwood lumber is on pace to a new record high in 2017 if the trend from the first six months of 2017 continues in the second half of the year.

Of the 10 largest lumber-exporting countries in the world, Russia, Finland, Austria and Ukraine increased shipments the most year-over-year during the first half of 2017. Russia alone, has accounted for 22 per cent of global lumber trade so far in 2017, which is up from 15 per cent 10 years ago, according to the Wood Resource Quarterly. Canada’s seven consecutive years of expanding shipments may reach an end this year with export volumes having declined 2.2 per cent during the 1H/17.

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