Scribd Logo
Upload

Welcome to Scribd!

  • 26 views

    European Lumber Exports June 2003

    Uploaded by

    Mcfarland
    - Growing imports of softwood lumber from Europe to the US have raised concerns. European exports have increased their market share of US imports from 20% in 1998 to over 30% in 2002. - Raw material costs for softwood sawlogs in Europe have fallen relative to North America since 1997, making European lumber more competitive internationally. However, rising euro exchange rates versus the US dollar could impact future export levels from Europe to the US. - Continued monitoring is needed as European exports have grown to capture a significant portion of the US softwood lumber market. Changes in costs, currency values, or trade policies could affect future import levels and competition.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    European Lumber Exports June 2003

    Uploaded by

    Mcfarland
    26 views13 pages
    - Growing imports of softwood lumber from Europe to the US have raised concerns. European exports have increased their market share of US imports from 20% in 1998 to over 30% in 2002. - Raw material costs for softwood sawlogs in Europe have fallen relative to North America since 1997, making European lumber more competitive internationally. However, rising euro exchange rates versus the US dollar could impact future export levels from Europe to the US. - Continued monitoring is needed as European exports have grown to capture a significant portion of the US softwood lumber market. Changes in costs, currency values, or trade policies could affect future import levels and competition.

    Original Description:

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    - Growing imports of softwood lumber from Europe to the US have raised concerns. European exports have increased their market share of US imports from 20% in 1998 to over 30% in 2002. - Raw material costs for softwood sawlogs in Europe have fallen relative to North America since 1997, making European lumber more competitive internationally. However, rising euro exchange rates versus the US dollar could impact future export levels from Europe to the US. - Continued monitoring is needed as European exports have grown to capture a significant portion of the US softwood lumber market. Changes in costs, currency values, or trade policies could affect future import levels and competition.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    26 views13 pages

    European Lumber Exports June 2003

    Uploaded by

    Mcfarland
    - Growing imports of softwood lumber from Europe to the US have raised concerns. European exports have increased their market share of US imports from 20% in 1998 to over 30% in 2002. - Raw material costs for softwood sawlogs in Europe have fallen relative to North America since 1997, making European lumber more competitive internationally. However, rising euro exchange rates versus the US dollar could impact future export levels from Europe to the US. - Continued monitoring is needed as European exports have grown to capture a significant portion of the US softwood lumber market. Changes in costs, currency values, or trade policies could affect future import levels and competition.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 13

    Growing European Lumber Imports to the US:

    A Cause for Concern?

    Transportation and Marketing of Wood Products


    Conference
    June 19, 2003
    Whistler, British Columbia

    Håkan Ekström
    Wood Resources International

    Wood Resources
    International
    • US Softwood Lumber Demand Trend

    • US Softwood Lumber Imports

    • European Lumber Exports

    • Raw-material Cost Trends

    • The Future ….

    Wood Resources
    International
    Lumber Consumption, Trade and Production
    60

    50

    40
    Billion bf

    30

    20

    10

    0
    1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
    Production Import Export Consumption
    Wood Resources
    Source: WWPA and FAS International
    Conifer Lumber Imports to the US
    1200

    1000

    800
    Index: 1998=100

    600

    400

    200

    0
    1998 1999 2000 2001 2002
    Canada Europe Latin America Other Total

    Wood Resources
    Source: US Department of Commerce International
    Lumber Imports to the US
    100%

    80%

    60% Other
    Latin America
    Europe
    40% Canada

    20%

    0%
    1998 1999 2000 2001 2002 1q/03

    Wood Resources
    Source: US Department of Commerce International
    Softwood Lumber Imports to the US in 2002
    Non-Canadian
    Austria Lithuania Other Europe
    8.7% 3.1% 3.5%
    Sweden Russia
    12.9% 2.1%

    New Zealand
    11.9%

    Germany
    21.9% Brazil
    14.0%
    Other
    Chile
    6.0%
    16.0%

    Wood Resources
    Source: US Department of Commerce
    International
    Lumber Imports to the US from the EU
    120 1.2

    100 1.1

    80 1

    Euro/US$
    1000 mbf

    60 0.9

    40 0.8

    20 0.7

    0 0.6
    1q-01 2q 3q 4q 1q-02 2q 3q 4q 1q-03
    Germany Austria Sweden Euro/US$
    Wood Resources
    Source: US Department of Commerce International
    Conifer Sawlog Costs in 1q/2003
    (Delivered in US$/m3ub)
    250
    Index (BC Interior=100)

    200

    150

    100

    50

    d
    y
    en

    ia
    r

    st

    le
    il
    cs

    an
    io

    an

    az

    hi
    tr
    oa

    lti
    ed
    er

    al

    Br
    us

    C
    ,C

    Ba
    Sw
    nt

    Ze
    er
    A
    BC
    ,I

    ew
    BC

    Wood Resources
    Source: Wood Resource Quarterly (WRI) International
    Conifer Sawlog Price Index 1997-2003
    160
    1q/1997=100 (Based on local currency)

    140

    120

    100

    80

    60

    40

    20

    0
    3q

    3q

    3q

    3q

    3q

    3q
    7

    3
    /9

    /9

    /0
    /9

    /0

    /0

    /0
    1q

    1q

    1q

    1q

    1q

    1q

    1q
    BC, Interior New Zealand Chile Germany Sweden
    Wood Resources
    Source: Wood Resource Quarterly (WRI) International
    Conifer Sawlog Price Index 1997-2003
    120
    1q/1997=100 (Based on US dollars)

    100

    80

    60

    40

    20

    0
    3q

    3q

    3q

    3q

    3q

    3q
    7

    3
    /9

    /9

    /0
    /9

    /0

    /0

    /0
    1q

    1q

    1q

    1q

    1q

    1q

    1q
    BC, Interior New Zealand Chile Germany Sweden
    Wood Resources
    Source: Wood Resource Quarterly (WRI) International
    Forest Product Net Trade in the Pacific Rim
    Net Trade in 1998 Req Net Trade in 2010 Change in Net Trade
    60

    40

    20
    Million m3 (rwe)

    -20

    -40

    -60

    -80 Conifer Non-conifer


    -100

    Wood Resources
    Source: Pacific Rim Trade Outlook Study, WRI International
    The Future ….
    • US Lumber Demand and Production Capacity?

    • US Imports from Europe?

    • Lumber Exports from Russia?

    • Latin America’s Exports of Wood Products?

    • Lumber vs. Value-Added Imports?

    Wood Resources
    International
    Questions?

    Håkan Ekström
    Wood Resources International
    Phone: 1-425-402-8809
    Email: hekstrom@wri-ltd.com
    www.woodprices.com

    Wood Resources
    International

    You might also like