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Rubber and Wood January 19, 2021 02:25:12 PM

U.S. Lumber Imports Touched 15-Year Highs in 2020

Paul Ploumis
ScrapMonster Author
Europe has been a traditional strong supplier of lumber to the U.S. over the years.

U.S. Lumber Imports Touched 15-Year Highs in 2020

SEATTLE (Scrap Monster):  The U.S. lumber import volumes in 2020 touched the highest level in nearly fifteen years. The annual softwood lumber imports by the country stood at 4.7 million cubic metres.

An analysis of the import data suggests change in trend over the recent years in the primary import source for lumber. The supplies from Canada have been on a decline, with other countries recording higher lumber export volumes to the U.S. It is the fourth year on a trot that Canadian lumber supplies to the country have registered decline. Incidentally, the lumber production volumes in the B.C. region have dropped by a third over the past five years, mainly due to reduction in Annual Allowable Cut (AAC).

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Europe has been a traditional strong supplier of lumber to the U.S. over the years. The region’s share of the total lumber imports touched a record-high of 13% in 2020. This is substantially higher than the 20-year average of 7%.

The Europe’s shipments are likely to surge higher from 2.1 million cubic metres in 2019 to almost 3.3 million cubic metres in 2020. Germany continues to be the largest supplier, followed by Sweden and Austria in second and third places respectively. Surprisingly, combined share of imports by Russia and Finland are likely to remain low at 4%.

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