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Major log importers like New Zealand and major lumber importers like Canada could be at a disadvantage as various Chinese government policies tend to favor Russian supplies (and to a lesser extent, those from Europe).
For more information, follow the link to China’s Import Demand for Softwood Logs and Lumber to 2023 • The Changing Supply Chain in China (with a Focus on Russia’s Industry / Export Potential)
The increasing awareness amongst consumers and vendors about recycling, reusing, and reducing has given the global reclaimed lumber market a major push in the recent years. Reclaimed lumber refers to timber that is salvaged from warehouses, old buildings, discarded furniture pieces, barrels, and other wooden structures. Numerous environmental benefits of reclaimed lumber have won the market an unwavering consumer base over the years.
The demand for reclaimed lumber is also expected to rise in the coming years as older wood is far more durable than new wood. The long-term exposure of reclaimed lumber to harsh weather conditions makes it less likely to split as it has already undergone expansion and contraction cycles. Thus, its intrinsic durability makes it a better option than newer timber. The demand for reclaimed timber will be primarily driven by the rapid pace of urbanization and industrialization. Usage of reclaimed lumber has
also gained momentum as it lends a certain aesthetic appeal to the end products.
Recognition of claimed lumber as a green building material has garnered the global market special attention from many construction giants in recent years. Increasing emphasis on building eco-friendly structures to reduce material wastage and overall carbon footprint has favored the reclaimed lumber market tremendously. The only factor that is likely to hamper the sales of reclaimed lumber is its high cost. As this timber needs to be restored, it demands Herculean time and effort to be brought to a point of reuse. This very factor is expected to restrain the growth of the global reclaimed lumber market in the coming years.
For more information, visit www.tmrresearch.com/reclaimed-lumber-market
The Reclaimed Lumber Market