In April, the price for lumber exported from Canada rose 3%, marking a slight increase in the market. This growth is attributed to the ongoing demand for lumber in the global market, particularly in the United States and Asia. The price increase is also influenced by the ongoing supply chain disruptions and the impact of the COVID-19 pandemic on the industry.
Canadian lumber exports have been steadily increasing over the past year, with exports reaching $20.1 billion in 2022. The main destinations for Canadian lumber exports are the United States, Japan, China, the United Kingdom, and the Philippines. The lumber industry in Canada is also dealing with the ongoing beetle infestation and wildfires, which have affected the availability of trees for harvesting and export.
Citations:
[1] https://www.lesprom.com/en/news/In_March_price_for_lumber_exported_from_Canada_increases_4_113065/
[2] https://www.lesprom.com/en/news/In_April_price_for_lumber_exported_from_Canada_rises_3_113528/
[3] https://natural-resources.canada.ca/our-natural-resources/domestic-and-international-markets/current-lumber-pulp-panel-prices/13309
[4] https://www.marketplace.org/2022/01/24/rising-lumber-prices-can-be-tracked-to-a-host-of-issues-in-canada/
[5] https://oec.world/en/profile/bilateral-product/wood-products/reporter/can