European sawmills gain market share in East Asia

Market: Lumber
Posted February 27, 2017
Over the past year, European sawmills have continued to take market share in China, Japan and other countries in East Asia. It has become a natural focus as continued low activity in European construction reduced the lumber consumption there.

In China, Europe's (excl. Russia) market share increased to a record level in 2016, reaching 9% compared to 8% in 2015. Russia's market share increased from 49% to 55%. The large increase for Russia corresponds to a volume increase of 3.1 million m³ (+37%). Finland and Sweden also had significant increases in volume percentage (+57% resp. + 35%), according to an analysis by Woodstat who specializes in market analysis for the lumber industry.

When Russia and Europe have increased its market share in the Chinese lumber market Canada has lost market share. The development in Japan is similar. Europe (excl. Russia) increased its market share from 41% to 44% in 2016 and Russia from 13% to 14%. Canada's share declined from 34% to 32% and the Canadian market share is now at a very low level.

In other countries in East Asia (South Korea, Taiwan, India, Pakistan, the Philippines, Vietnam and Thailand) imports of softwood lumber are increasing quickly and their total import in 2016 amounted to 3.3 million m³ from leading exporters in Europe, incl. Russia and North America. Europe's market share has increased dramatically in recent years, while the corresponding decline occurred for Canada.

Current forecasts for European construction continue to show slow growth why also lumber consumption is expected to rise slowly. "We see a good development in many countries in East Asia that increase the consumption of lumber. If we add an increased interest in wood as a building material, the outlook is very positive," says Jenny Wessung, CEO Woodstat.


Comments

To like this you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
To leave comments you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
We welcome comments that advance the story through relevant opinion and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Lesprom Network. For more information on our comment policy, see: http://www.lesprom.com/legal/comment_policy/
Back to top