Japan's declining Yen sparks timber boom across Asia

Posted on July 18, 2024   |  

Japan ranks as the 4th-largest timber importer globally, following China, the US, and the EU, with over 3,340,000 cubic meters of lumber imported last year.

In addition to high imports, Japan is cutting down millions of cypress trees, updating building standards, and investing in high-value timber production.

The Japanese timber industry is thriving, with many mid-rise mass timber buildings being built in Tokyo and the World Expo site in Osaka using timber.

About 80% of Japan's timber market is for residential construction, while 20% is growing in non-residential mass timber projects.

Japan has become a crucial market for mass timber solutions in the region, helped by favorable exchange rates.

Japan's booming timber industry is driving major construction projects and boosting the regional market for mass timber solutions.