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Wood trade to surpass USD 50 billion in 2013

Demand for timber increased in 2013, and the softwood trade looks set to reach its highest level in five years, according to an analysis from Wood Resource Quarterly.

Photo: Rederiforeningen

The trade of timber and logs looks set to reach its highest level since the financial crisis erupted in 2008, according to an analysis from Wood Resource Quarterly. Trading values of the various wood sorts reached more than USD 50 billion, only counting trade from January up to and including October. Two thirds of this figure came from the trade of softwood timber. The biggest increase in overseas trade took place between Canada and China, and the Nordic countries and Japan, says the organization.

"Softwood lumber is, by far the most commonly shipped wood product worldwide and the US continues to be the major destination for internationally traded lumber, with Canada currently supplying almost 96 percent of all imports to the country," says Wood Resource Quarterly, though noting that the rising Asian demand for softwood is somewhat surprising.

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