China’s economic slowdown largely responsible for decrease
PORTLAND, Ore. September 5, 2012. Log exports from Washington, Oregon, northern California, and Alaska totaled 736 million board feet in the first 6 months of 2012, a decrease of 25 percent compared to the same time last year, according to the U.S. Forest Service’s Pacific Northwest Research Station. During this same period, lumber exports from the West coast totaled 392 million board feet, a decrease of about 17 percent.
“China’s economic slowdown has reduced that country’s demand for log and lumber imports,” said Xiaoping Zhou, a research economist with the station who compiled the data. “This is largely responsible for the overall decrease in West coast exports.”
The total value of log exports in the first half of this year totaled $461 million, a decrease of 32 percent. The total value of exported lumber dropped about 14 percent to $287 million.