Chinese Suppliers of Wood Truss Displace Canadian Producers from the US Market

Industrial Wood May 31, 2016
Author: Inna Ivonina
Account Manager

The U.S. takes a 20% share (based on USD) of global wood truss imports, which put it in second place, following Japan (23%). In 2015, U.S. wood truss imports totaled 1,081 million USD, which was 74 million USD (7%) more than the year before.

U.S. wood truss imports showed mixed dynamics from 2007 to 2015. A significant decline in 2008, 2009, and 2011 switched to recovery growth in the years that followed. Despite the recovery growth, imports in 2015 had yet to reach the pre-recession level of 2007.

Despite fierce competition, the U.S. continues to be one of the most attractive destinations for overseas suppliers.

Canada and China were the main suppliers of wood truss into the U.S., with a combined share of 86% of total U.S. imports in 2015. China significantly strengthened its position in the U.S. import structure, from 20% in 2007 to 42% in 2015. By contrast, Canada saw its share reduced to 44%.

The U.S. was a net importer of wood truss from 2007 to 2015. In 2015, U.S. wood truss market ran a trade deficit of 902 million USD, at approximately 83% of gross imports.

Source: U.S. Wood Truss Market. Analysis And Forecast to 2020