New data out this week from Statistics Canada and the US Census shows stability in North America lumber manufacturing and cross-border trade.
Madison’s Forest Pulse 3Q 2015
The next issue of quarterly Madison’s Forest Pulse will be out next week, and the latest data on Canadian softwood lumber production, sawmill sales, and lumber exports together with US softwood lumber imports, and North American timber harvest and log sales, shows a stable to slightly improving forest products industry.
Canada Sawmill Manufacturing Sales by Province to Aug ‘15
British Columbia sawmill manufacturing sales dropped by 2.8 per cent for January to August 2015 compared to the previous year, to C$4,513 million from C$4,643 million said Statistics Canada Thursday.
For all of Canada sales were almost exactly even compared to the same period last year, at C$7,361 million.
Canada Sawmill Product Exports to Aug ‘15
Canada’s exports of sawmill products, meanwhile, increased marginally over last year, according to Statistics Canada data released this week.
For the first eight months of 2015, Canada exported C$6,069 million in sawmill products to the world, 4.8 per cent more than C$5,794 million for the same time last year.
To the US, Canadian sawmill product exports for January to August this year were C$4,078 million, up 7.60 per cent compared to C$3,791 million for the same time in 2014.
Canada exported C$926 million in sawmill products to China, a 5.8 per cent drop from C$982 million for the same time last year.
To Japan, Canadian sawmill product exports for January to August this year were C$526 million, down 3.1 per cent compared to C$542 million for the same time in 2014.
US Sawmill Products Imports to Aug 2015
Looked at another way, US imports of sawmill products from Canada dropped slightly, by 6 per cent, to US$3,324 million (CIF value) for the first eight months of this year, compared to US$3,536 million for January to August 2014.