Editoria e Media
Sawlog Prices In British Columbia Fell to Two-year Lows in The 4Q/19, But Remained Higher Than Those in Many Competing Regions of North America
The forest industry in western Canada benefited from reduced log exports in late 2019. In the 4Q/19, shipments to Asia were down 11% q-o-q to just over 1.1 million m (see chart). This represented the lowest quarterly export volume since the 3Q/11. The biggest changes from the 4Q/18 included a 24% decline in the export volume of hemlock logs to China , and an increase in Japanese purchase of Douglas -fir logs y-o-y by 43%.
Both export price and export volume declined during 2019. The average price for softwood logs shipped to Asia in the 4Q/18 was US$108 /m , and by the 4Q/19, the average price had dropped to US$96 /m with the biggest declines seen in logs bound for China .
In the second half of 2019, reduced log exports and lower lumber production in the province contributed to the downward pressure on log prices in Coastal BC. From the 4Q/18 to the 4Q/19, Douglas -fir and hemlock sawlog prices were down by amounts of 20% and 2%, respectively.
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Wood Resources International LLC
Hakan Ekstrom , Seattle ,
USA
info@WoodPrices.com
www.WoodPrices.com
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