European Log and Lumber Markets Are at a Turning Point

By Håkan Ekström
Forests2Market Blog
May 3, 2022
Category: Finance & Economics
Region: International

Trade of logs and lumber in Europe will change dramatically in the coming years as timber harvests in Central Europe decline and the sanctions against Russia result in a plunge in forest products imports… according to a new report by Wood Resources International. …The surge in wood supply has been absorbed by domestic sawmills (~60%) and increased export of sawlogs and pulplogs (~40%). …With the timber harvests having peaked, exporters and consumers of logs will need to adjust to a reduced supply of softwood logs in the coming years. …Sawmills will need to renew focus on conversion yield and small-diameter sawing capabilities, fiber industries should consider alternative species and wood fiber sources, and forest owners would benefit from more intensive forest management. In addition, international markets will need to adjust to the reduced supply of European softwood log and lumber exports.

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