{"id":76748,"date":"2018-11-14T07:01:18","date_gmt":"2018-11-14T07:01:18","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/china-expected-become-bcs-main-forest-products-export-market-surpassing-us\/"},"modified":"2025-09-18T17:16:12","modified_gmt":"2025-09-18T17:16:12","slug":"china-expected-become-bcs-main-forest-products-export-market-surpassing-us","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/china-expected-become-bcs-main-forest-products-export-market-surpassing-us\/","title":{"rendered":"China expected to become BC\u2019s main forest products export market, surpassing the US"},"content":{"rendered":"<p><em>Canada\u2019s key export-support organization boldly predicts China will surpass the United States as British Columbia\u2019s top market for forest products within 12 years, if long-term trends hold.<\/em><\/p>\n<p>\u201cThis is really about differential growth in the markets,\u201d said Peter Hall, chief economist for Export Development Canada, as quoted by Vancouver Sun. \u201cChina has long and strong potential growth and the U.S. is a fully developed economy.\u201d<\/p>\n<p>That projection appears to counter a short-term decline in lumber sales to China following the country\u2019s meteoric rise in imports over the last 15 years.<\/p>\n<p>After years of a provincial hard-sell in the country, China emerged as a major customer for B.C. forestry exports following the 2008 global recession, surpassing Japan as the province\u2019s No. 2 market for lumber in 2009, Vancouver Sun reported.<\/p>\n<p>By volume, B.C.\u2019s exports to China peaked in 2013 when timber companies sold 7.9 million cubic metres worth of processed wood to Chinese buyers, versus 13.6 million cubic metres to buyers in the U.S. market.<\/p>\n<p>However, while lumber exports to the U.S. increased to 17.9 million cubic metres in 2016, exports to China slipped to 5.9 million cubic metres over the same period.<\/p>\n<p>B.C.\u2019s total exports of lumber shrank by nine per cent in 2017, a year plagued by forest fires in the province\u2019s interior and the challenge of shrinking timber supplies in the aftermath of the mountain-pine-beetle infestation.<\/p>\n<p>However, by taking exports of raw logs, pulp and paper into account, the value of shipments to China have continued to climb.<\/p>\n<p>According to Vancouver Sun, raw log shipments to China in particular, by value, have risen 43 per cent over the past three years hitting $479 million in 2017. Log exports to the U.S. over the same period shrank 33 per cent to just $44-million worth of unprocessed timber in 2017.<\/p>\n<p>Hall said there is no consensus among economists about Canada\u2019s prospects for boosting exports to Asia.<\/p>\n<p>In October, after the three parties concluding the U.S. Mexico Canada Agreement to re-write NAFTA, prominent University of Calgary Economist Jack Mintz argued that diversifying trade from the dominant U.S. market would be difficult.<\/p>\n<p>Mintz wrote that Canada sold to the U.S. three-quarters of the $545 billion in goods and $110 million in services that it exported in 2017.<\/p>\n<p>\u201cOur next-largest export markets are fractions of that,\u201d Mintz said, with China at No. 2 buying just 4.3 per cent of all Canada\u2019s exports.<\/p>\n<p>Hall, however, said he is in the camp of economists who believe Canada is in a position to make significant increases in trade with China, not unlike Australia.<\/p>\n<p>\u201cIf there is any place in Canada that gets that more is B.C., because it\u2019s already the most diversified in terms of merchandise trade,\u201d Hall said.<\/p>\n<p>Hall was in Vancouver this week delivering the organization\u2019s latest short-term export forecast, which calls for a modest four-per cent increase by the end of this year and by a similar amount in 2019.<\/p>\n<p>Hall said weak commodity prices for base metals such as copper, a key B.C. export, and coal used in steel making will hold back some of that export growth, as measured by value, as will a recent, sharp drop in lumber prices.<\/p>","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s key export-support organization boldly predicts China will surpass the United States as British Columbia\u2019s top market for forest products within 12 years, if long-term trends hold. \u201cThis is really about differential growth in the markets,\u201d said Peter Hall, chief &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/china-expected-become-bcs-main-forest-products-export-market-surpassing-us\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":57873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[3313,3254,3309,3306,3252,3429],"class_list":["post-76748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-canada","tag-china","tag-exports","tag-lumber","tag-us","tag-wood-products"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - 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