Sanctions dramatically reduce manufacturing of wood products in Russia

The Lesprom Network
August 28, 2022
Category: Finance & Economics
Region: International

In July, wood products manufacturing in Russia fell 20.4% y-o-y according to data published by the Russian government statistic agency Rosstat.  Since July 10, exports of wood products from Russia and Belarus to the European Union has completely stopped due to sanctions. Prior to this, the U.S. and UK stopped importing wood from these countries. The sanctions led to a dramatic drop in production in Russian industries that were heavely dependent on exports. In July, plywood production in Russia fell by 42.4% y-o-y to 2.12 million m3. Wood pellet production declined by 34.8% to 1.30 million tonnes. The production of chipboard, including OSB, decreased 26.3% to 6 million m3, and that of fiberboard fell by 25% to 416 million m2. Lumber production decreased by 13.3% to 17.8 million m3.

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