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Wood Resources International LLC: China's Imports of US Forest Products Fell by 430 Million Dollars in the First Four Months of 2019; The US Market Share Fell, While Canadian and Russian Exporters Have Increased Their Shares
From January to April, 2019, China imported logs, softwood lumber, and pulp from the US collectively valued at 600 million dollars . This is down from $1.03 billion dollars' worth of forest products imported during the same period in 2018. The biggest declines in import value of US forest products from the 1Q/18 to the 1Q/19 have been those of wood pulp and hardwood logs, falling $220 million and $110 million , respectively.
With forest product imports from the US deteriorating and American wood product exporters losing market shares in the Chinese market, imports from other countries, including Canada and Russia , have fallen less or even expanded the past year. While the US market share for forest products imports has fallen by 35% from the first four months of 2018 to the same period in 2019, Canada's and Russia's shares have gone up by 12% and 4%, respectively.
Supply of softwood logs and lumber from Canada , in particular, has increased in 2019, with import volumes of logs increasing 25% year-over-year, and lumber imports increasing 54% in early 2019 as compared to early 2018. In addition, there has also been a rise in shipments of both logs and lumber from Europe since the trade conflict started in the summer of 2018.
Even if the trade negotiations between the US and China result in lower or eliminated tariffs in the future, the new supply sources that Chinese forest products importers have developed during the on-going trade dispute will likely remain, permanently changing historic trade flows to China.
Wood Resources International LLC
Hakan Ekstrom
info@woodprices.com
www.woodprices.com
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https://news.cision.com/wood-resources-international-llc/r/china-s-imports-of-us-forest-products-fell-by-430-million-dollars-in-the-first-four-months-of-2019--,c2854980
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