Global Softwood Lumber Markets

Posted by Rumin Mann
January 29th, 2010

Softwood lumber markets continued to be weak in Japan and the US during the 3Q/09, but have improved in Europe and, surprisingly, northern Africa, according to the Wood Resource Quarterly. Swedish sawmills have shipped 45% more lumber to Egypt, Morocco and Algeria this year compared to last year, and this market has a current market share of 23% of all lumber exported from Sweden. Egypt is the third largest market for both the Swedish and Finnish lumber industries. With the increase in demand from the export market, lumber prices in the Nordic countries have gone up by over 20% in four months. The lumber market in Japan did not change much during the 3Q, with domestic sawmills running at much lower rates than in 2008. During the first eight months, production was 15% lower than last year, and it is not expected that there will be much improvement in the 4Q. Read More

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