Canada Wood Today | The Canada Wood Group

Lumber Shipments

Tai Jeong

By Tai Jeong

Technical Director, Canada Wood Korea

May 2, 2018

BC softwood lumber export volume to South Korea for the first two months of 2018 decreased 38.6% to 24,430 cubic meters as compared to 39,784 cubic meters for the same period of 2017.

This significant downward trajectory comes from many reasons including weakened BC Coastal shipments in the first quarter of 2018 (36% decrease) and decreased housing starts in the South Korean residential construction segment forced by the South Korean government’s strong intervention to limit the supply of new homes from August 2016 to check rise in household debts and curb rising house prices.

Export value for the same period decreased 23.3% to CAD$8.048 million as compared to CAD$10.489 million for the same period in 2017.