Price for Wood; Shingles and Shakes in Canada - 2023

Contents:

1. Price for Wood; Shingles and Shakes in Canada (FOB) - 2022
2. Price for Wood; Shingles and Shakes in Canada (CIF) - 2022
3. Exports of Wood; Shingles and Shakes in Canada
4. Imports of Wood; Shingles and Shakes in Canada

Price for Wood; Shingles and Shakes in Canada (FOB) - 2022

In 2022, the average wood; shingles and shakes export price amounted to $3,418 per ton, declining by -22.9% against the previous year. Overall, the export price, however, recorded a measured increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 76% against the previous year. As a result, the export price attained the peak level of $4,431 per ton, and then fell rapidly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,418 per ton), while the average price for exports to the UK stood at $3,418 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.9%).

Price for Wood; Shingles and Shakes in Canada (CIF) - 2022

In 2022, the average wood; shingles and shakes import price amounted to $3,863 per ton, picking up by 44% against the previous year. In general, the import price showed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.9% per year.

Exports of Wood; Shingles and Shakes in Canada

In 2022, the amount of wood; shingles and shakeses exported from Canada skyrocketed to 96K tons, with an increase of 66% compared with the previous year. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 92% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, wood; shingles and shakes exports soared to $328M in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Wood; Shingles and Shakes from Canada in 2022:

1. United States (90.7K tons)
2. United Kingdom (1.4K tons)

Imports of Wood; Shingles and Shakes in Canada

Wood; shingles and shakes imports into Canada expanded markedly to 12K tons in 2022, increasing by 12% against the previous year. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, wood; shingles and shakes imports soared to $45M in 2022. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 99% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Wood; Shingles and Shakes to Canada in 2022:

1. United States (11.6K tons)

Source: IndexBox Market Intelligence Platform