Get the latest insights on price movement and trends analysis of Softwood Lumber meal in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Softwood Lumber Price Trends for First Half of 2023
The price trends of softwood lumber fluctuated in the first and second quarters of 2023. In the initial phase of the first quarter, the prices were low due to the soft movement of the lumber industry as the construction activities slumped, especially in Canada.
The market saw a little improvement due to high demand from the downstream industries in the month of February, but this rise was only short-lived. During this phase, the stocking activities by traders also saw a significant reduction in view of the negative purchasing potential of buyers.
However, in April, the market activities gained the required momentum as weather conditions improved, and the construction sector helped the prices of softwood lumber to incline in the US and Canada regions. This positive movement in the prices of softwood lumber was also supported by the rising costs of food, energy, and trade services.
The trends changed again in the later phase of the second quarter as the prices fell steeply. The consistent decline in the trends was heavily affected by the low cost of fuel and energy products. The market sentiments of softwood lumber remained in the negative zone.
According to Procurement Resource, the price of Softwood Lumber is estimated to showcase a mixed trajectory as the demand for softwood lumber and its derivatives depends on the weather conditions and rates of inflation.
Procurement Resource provides latest prices of Softwood Lumber. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Softwood Lumber is an essential raw material in construction, furniture, woodworking, and several related industries. It is harvested from coniferous trees such as pine, spruce, fir, and cedar. It is used for framing, structural components, paper production, and crafting of furniture, doors, and windows. It is a popular choice because of its cost-effectiveness, versatility, and strength.
|Product Name||Softwood Lumber|
|Industrial Uses||Construction and building, Manufactured housing, Wooden toys and crafts, Fencing and decking, Boat building, Wood products manufacturing, Packaging and crafting|
|Supplier Database||Canfor Corporation, West Fraser Timber Co Ltd, Rayonier Advanced Materials, Western Forest Products Inc, EACOM Timber Corporation, McRae Lumber Company|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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