BC lumber exports to China fall in 2014
First decline in softwood shipments in nearly 10 years.
VANCOUVER — BC softwood lumber shipments to China fell 5% last year, marking the first annual decrease in nearly a decade.
More than 7.5 million cubic metres of lumber valued at $1.4 billion was shipped to China in 2014, according to the province’s statistics agency. That compared with 7.9 million cubic metres worth $1.39 billion in 2013.
China has been an increasingly important customer for Canadian wood for about a decade, picking up some of the slack as exports to the US waned.
In 2005, just 251,000 cubic metres valued at $54 million was sent to China.
Meanwhile, US exports grew for a fourth consecutive year in 2014, increasing 6.4% to 14.5 million cubic metres. The shipped lumber was valued at more than $3 billion, the most since 2007. About 56 per cent of B.C. lumber exports go to the US.
Globally, BC lumber exports totalled 25.8 million cubic metres worth $5.75 billion last year.
© 2015 The Canadian Press