Canadian softwood lumber producers expect difficult conditions through 2026 as weaker demand, production curtailments and U.S. trade costs pressure operations.
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A strong ruble, weaker demand in China and rail-logistics bottlenecks are the main factors behind the projected decline.
China's construction crisis and higher logistics costs have cut shipments, while Russia's downgraded economic outlook limits domestic absorption of growing supply.
The U.S. posts the steepest decline among the largest softwood lumber import markets, followed by Germany and China, while supplier volumes fall most for Canada, Russia, and Austria.
Russia maintains supply dominance, while New Zealand is the only major supplier to increase shipments.
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