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The biggest global softwood lumber trade flows

Article by Martina Nöstler (translated by Eva Guzely) | 20.06.2024 - 11:06

The trade flow from Canada to the US took is the biggest of all with almost 7.2 million m³ of softwood lumber (incl. planed timber) and an 8% increase compared to the first quarter of 2023. This volume was also exactly the same as in the first three months of 2022. The value of the softwood lumber traded in the first quarter of 2024 grew by 11% year on year. The second largest trade flow was once again that from Russia to China (+5% to 2.7 million m³). In contrast to last year, there is now a new number three: Austria exported 684,000 m³ to Italy (+2%), taking third place from Sweden’s trade with Great Britain, which is in fourth place this year (-13% to 656,000 m³).

In the first quarter, substantial year-on-year decreases were also recorded in trade flows from Germany to the US (-17% to 555,000 m³) and from Canada to China (-13% to 383,000 m³), whereas softwood lumber deliveries from Belarus to China (+37% to 267,000 m³) and from Canada to Japan (+35% to 266,000 m³) saw marked increases.

The 20 biggest global softwood lumber trade flows | Q1 2024
Trade flows incl. planed timber in 1,000 m³ and US-$1,000
N. Exporter Importer 1-3 2023 in 1,000 m³ 1-3 2024 in 1,000 m³ Diff. i. % 1-3 2023 in US-$1,000 1-3 2024 in US-$1,000 Diff. in %
1 Canada USA 6,641 7,192 8 1,713 1,905 11
2 Russia China 2,586 2,713 5 528 565 7
3 Austria Italy 671 684 2 189 172 –9
4 Sweden Great Britain 754 656 –13 207 186 –10
5 Germany USA 669 555 –17 187 153 –18
6 Canada China 439 383 –13 84 73 –13
7 Sweden Egypt 339 356 5 58 65 13
8 Russia Uzbekistan 403 343 –15 70 53 –25
9 Sweden USA 258 302 17 74 88 19
10 Belarus China 195 267 37 40 49 24
11 Canada Japan 197 266 35 96 115 20
12 Sweden Netherlands 315 266 –16 86 75 –13
13 USA Mexico 258 259 0.04 66 62 –6
14 Finland Egypt 239 228 –5 37 41 10
15 Germany Austria 223 222 –0.4 60 59 –3
16 Sweden Germany 260 212 –19 71 59 –18
17 Latvia Great Britain 196 207 5 61 63 4
18 Sweden Denmark 233 203 –13 60 55 –8
19 Sweden Japan 142 200 41 46 60 31
20 Germany France 213 193 –9 67 56 –16