The overall value of Quebec’s provincial exports might be expected to grow by 2% this year, but the forestry sector…
The overall value of Quebec’s provincial exports might be expected to grow by 2% this year, but the forestry sector isn’t contributing to that projection.
According to a report by Export Development Canada, the province’s forestry exports are expected to drop 7% in 2006, and 2% in 2007.
‘A number of challenges are common to all three sectors (lumber pulp and paper/newsprint), mainly the higher value of the Canadian dollar, increasing energy costs and greater international competition. Overall, the sector will see exports decline primarily because of weaker fundamentals in the lumber industry and a continued deterioration of newsprint demand,’ the report concluded.
The anticipated 2% growth of Quebec’s provincial exports is a downturn from 2005. The forecast for 2007 suggests a further stalling, whereby exports are expected to shrink by 1% overall.
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