Global trade of softwood lumber slowed in early 2022, in particular lumber headed to China, the US, and Germany, where import volumes were down in the range of 6-20% from the same period in 2021. Wood trade will likely continue to slide in 2Q22 due to inflation going up in Europe and the US, as this impacts consumer spending. In addition, China is reducing new housing construction, the ongoing war in Ukraine is causing changes in trade flows and increasing energy costs, and general consumer sentiment in the marketplace is getting more anxious. ...
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