Not a rosey picture. The report was not to good and the problem is compounded by other factors. The housing market may be growing but so are the compeditors. With forest companies expanding to other countries. Canada's socialist governments have not yet realized they are regulating & taxing business right out of the country.
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The US has imported 67% more softwood lumber from the European Union countries in 2017, as compared to 2016, as the Canadian softwood imports were pushed down by the countervailing duties.
The imports amounted to 2,792,605 m3 during the mentioned period, with the Netherlands being the top exporter (1,484,486 m3, up by 32%). Germany exported 247% more softwood lumber to the US, reaching a volume of 627,143 m3, while Sweden sent 55% more shipments, to 354,159 m3.
Thus, Canadian companies, which are subject to ever increasing costs and taxation will be less compeditive, redced market share and subject to lower revenues and strained profit margins.
Overseas supply of lumber to the US is forecasted to increase both in volume and market share till 2025, followed by increasing lumber supply shipments from regions which will include Brazil, Chile.
Germany and the Nordic countries are also endeavoring to further increase their market share.