Demand forecast for major imported timber 2017
Comprised of Japan Lumber Importers’ Association, Japan North American Lumber Conference, Japan Southsea Lumber Conference, Japan Russian Wood Products Association, and Japan New Zealand and Chile Pine Conference, the Japan Foreign Timber General Supply & Demand Liaison Conference announced the demand forecast for major imported timber for 2017 (January to December) on December 19. According to the report, demand for logs in 2017 is forecasted to be 3,369,000 m³, and demand for lumber is forecasted to be 6,394,000 m³. Adding logs and lumber together, total demand for imported wood material in 2017 is forecasted to be 9,763,000 m³ decreasing 3.4% compared to the previous year. Because new housing construction starts in 2017 are expected to slightly decrease from the previous year, demand for imported timber in 2017 like construction starts is forecasted to shift to a slight decrease compared to 2016.