U.S. timber exports are expensive and are expected to affect China’s export competitiveness
Canada’s import of timber tariffs has brought huge cost advantages to many US factories, and the wave of capacity expansion has started skyrocketing, and prices are expected to show an upward trend. However, Canadian timber production is expected to decline slightly in 2018 and may decline in 2019 from the impact of US import tariffs and timber supply shortages.
This trend is expected to have an impact on our country’s exports, but this will depend on the level of timber prices compared with the United States’ import tariffs. It is expected that by 2020 or before, more exports will be needed to fill the expected US “supply gap.” This will not only make U.S. exports more expensive, but also non-U.S. wood products imported from China will also be more competitive.