Canadian lumber production up 9.9% in April 2024

In April 2024, Canadian sawmills produced 4,557,000m3 of lumber, marking a 3.6% increase from March, according to Statistics Canada. However, lumber shipments decreased by 2.7% to 4,210,000m3 during the same period.

Lumber production in Canada saw a 9.9% year-over-year (YOY) increase, while shipments also rose by 5.6% (Image: Depositphotos)

From January to April, lumber production in Canada increased by 3.2% to 17,303,000m3. The lumber production from January-April reached the annual rate 51,908,000m3, representing a 5.8% increase compared to last year. However, this is 3% less than the 5-year average of 53,514,000m3.

In April, the capacity utilisation rate in wood products manufacturing in Canada stood at 80.5%, showing a 4.1 percentage points increase YOY and a 3.4 percentage points rise month-over-month.

In May 2024, the average price for the softwood lumber exported from Canada to the US decreased 5% compared to April, according to Lesprom Analytics. However, this was 3% more than 2023. The exports of softwood lumber from Canada to the US slipped 4% YOY in May.

Source: Lesprom