West coast log exports up slightly in third quarter of 2012
China retains dominant position as largest importer of West coast logs
PORTLAND, Ore. November 27, 2012. Log exports from Washington, Oregon, northern California, and Alaska increased about nine percent in the third quarter of 2012, totaling 412 million board feet, according to the U.S. Forest Service’s Pacific Northwest Research Station. At the same time, lumber exports decreased about eight percent to 186 million board feet, compared to the second quarter of this year.
“Sixty-two percent of West coast log exports went to China during the third quarter,” said Xiaoping Zhou, a research economist with the station who compiled the data. “China increased its importation of West coast logs to over 257 million board feet, an increase of 30 percent from the second quarter of this year.”
According to Zhou, although China’s economy has slowed down during the last few quarters, the country will retain its dominant position in the West coast’s log export market for the next few quarters—or, even, the next few years.
- Hits: 5673