North American hardwood production declined by at least 35% in 2001 (an estimated 11.8 million m³) compared to 2000, according to a report from the US Hardwood Review.
Log shortages affect many mills and with buyers worldwide keeping stocks at low levels, increases in demand could produce shortages.
Kiln-dried stocks are currently adequate but 39mm through 64mm timber in some species is becoming harder to source.
The Review said North American hardwood exporters would benefit if the firming euro and dollar reach parity as it would make them more competitive against European rivals.
