Canadian exports of lumber decline 13% in May

In May 2022, Canada’s exports of lumber decreased 13.4% year-on-year to 3.1 million m3. The value of exports declined 31% to $1.24 billion. Average price of lumber fell 20% to $401 per m3, according to Lesprom Analytics. United States is Canada’s biggest lumber importer with second-ranked Japan at 2.6% of total exports, while China takes…