British Columbia’s exports in the first quarter of 2020 fell by almost -15% when compared to the first quarter of 2019. The result of the rail blockade protests earlier in the year and the ongoing COVID-19 pandemic. One of the hardest hit sectors was the lumber industry. Year to date logs exports have declined nearly -75%, while softwood lumber exports dropped -20.1% and softwood plywood/veneer shipments fell -15.7%. Gains were made, however, in value-added +7.1% and other solid-wood product exports +8.8%. The solid-wood declines, however, were not limited to exports to the U.S. Exports to China year-to date have declined -51.6% and to Japan -33.6%.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
B.C. exports down 15% in Q1 2020; lumber, energy products hardest hit