This has led to increased competitiveness of sawmills in Central and Northern Europe.
Sales of pellet stoves in France increased to 140 thousand units in 2017. The consumption of pellets in the country in 2017 increased to 1.25 million tons. France is catching up with Italy in the consumption of pellets.
Export tariffs on forest products in the United States and Canada have a negative effect on China’s economy, but in the long term, under Belt and Road Initiative more overseas markets may open up for the Chinese timber industry.
Wood Markets Group president Russell Taylor says BC Interior has an advantage over the West coast of USA, but mainly because of currency. If there were any subsidies, American companies would be buying mills in Canada and they are not.