Lumber production in Canada saw a 1.6% decrease from April, amounting to 4,008.9 thousand cubic meters in May, according to Statistics Canada. This decline is even more significant when compared to the figures from May 2022, marking a staggering 13.8% decrease year-on-year.
The data also highlighted the performance of sawmills, a crucial component of the lumber supply chain. In May, sawmills managed to ship 4,158.2 thousand m3 of lumber. Although this indicates a 5.7% increase from April, it falls short when measured against the numbers from May 2022, reflecting a decrease of 9.8%.