The long awaited Global Wood Summit kicked-off in Vancouver yesterday with a detailed overview of global log and lumber trends by forest market analyst and conference co-host Russ Taylor. With due notice that “forecasters are almost always wrong”, Taylor described the long list of current and expected “fibre supply disruptors”, (including the war in Ukraine and in the Middle East), and the many negative policy initiatives, (such as the EU Deforestation Regulation and new logging restrictions in BC and Oregon), that are exacerbating the availability and supply of low-cost softwood logs world wide. Within North America, potential growth in log and lumber supply is limited to the US South, and other than beetle and wildfire killed logs in select regions, there are few other new sources of wood, said Taylor.
…The summit’s second market panel focused on the decline in log and lumber imports into China, reflecting the country’s economic decline over the last four years. …The final panels focused on forestry and wood product production in Chile, New Zealand/Australia, Russia, Sweden/Finland and Central Europe… and the US and Canadian timberlands and fibre supply situation.