The US has been forecasted to import more wood from Europe

A mix of import tariffs on Canadian wood at the American border and rising lumber prices in the United States (US) have resulted in a wide prediction of increased imports in European lumber to the US, according to Wood Resource Quarterly (WRQ).

With US lumber prices hitting a 13-year high, imports from New Zealand and Latin America are also slated to rise.

The WRQ reported that the rising demand for wood can be traced to the booming housing industry in the US and a strong US dollar, and has the potential to impact the dynamics in the forest products industry.

 

Sources: Wood Resource Quarterly, Timber Trades Journal