In 2022, Canada’s exports of lumber contracted 10.3% to 33.6 million m3. The value of exports decreased 20% to $10.8 billion. According to Lesprom Analytics, the average price of lumber lost 11% to $321 per m3.
Canada decreased exports of lumber to the U.S. by 6.5% to 30.4 million m3 in 2022. Supplies to China fell by 40% to 1.1 million m3, and exports to Japan were less by 37% to 947 thousand m3.
