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August 29, 2023

European softwood lumber exports to the US on a downward trend in the second quarter

After a scorching start to the year, US softwood lumber imports from Europe cooled abruptly in the second quarter. That trend contributed to an overall fade in US demand for foreign lumber through the first half. Imports from the 10 largest European suppliers fell to 428 million board feet (mmbf) in the second quarter, down 30% from the record-setting first-quarter volume of 610 mmbf and lagging the year-ago total by 12%. European shipments to the US declined to the lowest quarterly total since the last three months of 2021. US imports from Europe through the ...

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