Canadian Lumber Exports to Japan on The Increase in Q1 2024

Shawn Lawlor

By: Shawn Lawlor

Managing Director, Canada Wood Japan/COFI Japan

After facing several years of headwinds including slowing housing starts and intensifying competition from European and Japanese domestic producers, Canadian lumber exports to Japan have begun to rebound. The surge in lumber prices during the pandemic prompted a decline of lumber export volumes to Japan. Canadian lumber exports to Japan fell 27.1% to 476.9 MFBM in 2022 and a further 17.2% to 395 MFBM in 2023. However, Canadian exports shipments have turned positive over the past two quarters. In Q4 of 2023 export volumes increased by 33.6% to 120.9 MFBM and in Q1 2024 export volumes increased 26.7% to 107.3 MFBM. Let’s hope the trend continues to be our friend and our exports to Japan keep headed in the right direction!

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