Lumber exports up in NZ, down in PNWFriday 13 Apr 2012  Lumber exports from NZ are up 35% year-on-year as at the end of January. This reflects a decrease in all imports from China and the US. US and Canadian exporters are dominating lumber markets with the weak US dollar.Lumber exports from the Pacific North West are down 35% year-on-year as at the end of January. Increased competition from the US has seen more Canadian lumber head south of the border into the US. Lumber production in the US and Canada increased by only 4% in 2011 from 2010, whereas consumption in the US increased by 4.9% over the same period. Fourth quarter consumption levels increased at a rate of 5.9%. This also is happening at a time when lumber imports into the US are down by 1.9% year-on-year. Log exports made up only 5.6% of forest product exports from British Columbia (Canada) in January 2012, up from 4% a year earlier. The value of the log export was however up 30.9% year-on-year. The US remains the largest market for Canadian forest products at 40.8% of the market value followed by China + Hong Kong combined at 35.2% in the month of January. These figures are up from 39.4% and 31.1% respectively year-on-year. Source: NZX Agrifax, www.nzxagri.com/agrifax |
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