The international wood industry in one information service
Global softwood lumber markets: Regional demand outlook to 2025
After several years of strong demand and record prices for softwood lumber, the global sawmill industry now faces challenging markets ahead. From 2020 to 2022, supply chain constraints and an unexpected surge in home improvement due to COVID-19 have supported … Continue reading →
Softwood lumber prices in North America stabilize to new normal levels
The North American softwood lumber markets have shown signs of stabilizing after experiencing extreme volatility in 2021 and 2022. Recent price increases have been observed for Western spruce-pine-fir (SPF) lumber, reaching US$446 per thousand board feet. This development is expected … Continue re...
Potential of AI in the wood products industry
The use of artificial intelligence (AI) in sustainable wood products is revolutionizing the way forests are managed and products are produced. AI technologies are being employed to promote sustainability and efficiency in the forest industry, ensuring the responsible use of … Continue reading →
Japanese companies target carbon credits with forestry fund in N. America
A cross-sector group of Japanese companies has invested in a forestry fund created by Japan's Sumitomo Forestry, aimed at eventually issuing carbon credits through forest management mainly in North America. Sumitomo Forestry said on 10 July that it had launched … Continue reading →
Wood prices in Finland expected to fall by the end of the year
The beginning of the year in Finland's wood market was quite busy. The prices of wood have also increased in real terms, while the volume of trade has also increased. However, the end product market of the Finnish forest industry has been … Continue reading →
European softwood lumber production expected to fall by 4% in 2023
Softwood lumber production in European countries has been growing for a number of years. A production peak was achieved in 2021 on the back of strong demand on both sides of the Atlantic, particularly in H1. In H2 2021 markets … Continue reading →
PGS Group expands into Dutch market with Den Doelder Pallets acquisition
PGS Group has announced its acquisition of Den Doelder Pallets, a Dutch company. According to the company, this acquisition aligns with PGS Group's consolidation strategy to strengthen its position in the European market. Effective from June 30, 2023, this acquisition … Continue reading →
Koskisen starts sawn timber production at new processing unit
Koskisen’s new processing unit starts functioning from the beginning of July. The full working capability of the new production unit will take time and will mature by 2024. The company also believes that this newly developed production unit will significantly … Continue reading →
N. American lumber prices rally as market concerned by supply issues
While supply chain disruptions arising from wildfires were not the primary driver behind June's bullish sentiment for softwood, the psychological impact of uncertainty lingers as crews battle July fires in the forests. Lumber prices have jumped in the past month, … Continue reading →
South American softwood lumber exports struggle with European expansion on global markets
Softwood lumber exports from South America plummeted deeper in the first quarter in the wake of a steep plunge in 2022. Shipments from Chile, by far South America’s largest exporting nation, fell to 1.18 million cubic meters through March, down … Continue reading →
New Zealand: Log export recovery expected, but hard to predict
Log harvest volumes in New Zealand are being cut back sharply as both export and domestic demand soften. Prices are falling. Even with cyclone-related closure of some local mills, sawn timber inventories are rising and more cutbacks are coming. Chinese … Continue reading →
Poland’s timber industry: prospects for 2023-2024
After two years of good economic situation, Polish wood processors are facing weakening demand and intensified cost pressure, resulting not only from increases in raw material prices, but also energy prices (which is particularly severe for producers of wood-based panels, … Continue reading →
Europe’s softwood lumber market faces mixed prospects amidst global uncertainties
The situation on the European softwood lumber market remains mixed, as various factors continue to impact supply and demand. One significant influence has been the Ukrainian crisis, which has prolonged the overreactions that emerged during the Covid-19 pandemic. As a … Continue reading →
Swedish softwood lumber export prices rise in May, but remain well below last year
In May 2023, Swedish softwood lumber export prices increased slightly by +1.6% compared to the previous month. They remain below May 2022 with -35.1%. They are above their levels of May 2020 (+34.3%) but below those of May 2021 (−17%).Compared … Continue reading →
Declining demand and economic challenges impact global OSB markets
Global OSB markets are not as healthy as they were a year ago, due to energy and raw material price inflation, together with weaker economic and construction data in many countries conspiring to dampen demand. Markets for OSB products have … Continue reading →
Sharp decline in European wood flooring demand
After a booming year in 2021, production and consumption of wood flooring in Europe was more resilient than expected in 2022 but has declined sharply in the opening months of this year in the face of increasing costs and higher … Continue reading →
North American lumber producers are booming again
Home construction boom suggests builders are going to need a lot more wood. Their stocks aren’t quite as hot as home builders’, but Weyerhaeuser WY 0.54% increase; green up pointing triangle, Boise Cascade BCC 1.05% increase; green up pointing triangle … Continue reading →
Weak softwood log import market in China
Chinese log buyers continue to struggle with credit issues and log demand in New Zealand is reducing as construction activity declines due to high inflation and interest costs. China softwood log inventory has increased slightly to about 4m m3 with … Continue reading →
EU Regulation on deforestation-free products enters into force
On 29 June 2023 the EU Regulation on deforestation-free products entered into force (EUDR). Under the Regulation any operator or trader that places regulated commodities on the EU marke, or exports from it, must be able to prove that the … Continue reading →
Worries in Canada that wood pellet exports to Europe will be impacted by EUDR
The Wood Pellet Association of Canada (WPAC) says it’s looking for clarification on the new European Union Deforestation Regulation that came into force last Thursday. Wood pellets will be among the forest products entering the EU market that must comply … Continue reading →
Bergs Timber enters furniture business with new acquisition
Bergs Timber AB acquired all shares in Hedlunda Holding AB. Hedlunda is a state-of-the-art manufacturer of wooden furniture and components with production facilities in Sweden (Lycksele) and Poland (Skoczów). According to a company press release, the acquisition will strengthen Berg's offer … Con...
Russian plywood producers at risk to cease production due to resin shortage
Some Russian plywood producers may cease operations or significantly raise prices for their products. The situation was caused by the shortage of a key component for the production of plywood: phenol formaldehyde resin. The Russian Association of Furniture and Woodworking … Continue reading →
China’s expected to boost lumber imports due to limited supply of logs
As late as 2019, China imported almost 100 million m3 rwe (roundwood equivalents) of softwood logs and lumber to meet the growing demand for forest products in the domestic market. Since then, wood consumption has declined, and the importation of forest … Continue reading →
BSW Timber to close a sawmill in UK
BSW Timber's sawmill is set to close next month due to "long-term" supply issues. BSW Timber's site in Bartley will be closing as a result of “inconsistent long-term log supply and a general poor market”. The Group Operations Director said the site was … Continue reading →
EOS sees a future decline in softwood log supply in Europe
EOS presented an analysis at the Global Log and Lumber Softwood Conference in Vancouver, Canada, discussing the challenges faced by the European softwood logs supply due to factors such as the bark beetle crisis, climate change, and EU legislation, which … Continue reading →
Wood prices in Estonia are slipping sharply
In Estonia, roadside prices for raw wood have declined. The peak of softwood log prices was in January, when roadside prices were 73.8 euros for pine, 72.7 for spruce and 87.8 for birch. Since then it has come down and the … Continue reading →
Hasslacher Group sells its production site in Russia
The Hasslacher Group has sold its Russian production site to Russian VLP Group. In addition to a sawmill and planing mill, the group used to operate a pellet plant in Russia and wanted to start producing glulam there in 2022. … Continue reading →
Germany: wood pellet price rises sharply in June
The price of wood pellets in Germany rose sharply in June 2023 compared to the previous month by 13.6 % to 408.41 Euro/t and is just below the price in June 2022. The background is an atypical high demand. At the beginning … Continue reading →
German sawmill industry affected by production cuts
As a manufacturer of wood products for the domestic and foreign construction industry, the German sawmill and wood industry is directly affected by the weakening construction industry and is facing economic challenges. A survey of the association's member companies illustrates … Continue reading ....
Czech Republic: The price of wood continues to fall
The price of raw wood on the Czech market is decreasing, it is at the level of about 2/5 of last year's prices. According to the state enterprise Lesy ČR, it is not final and prices will go even lower. … Continue reading →
Be the first to know and let us send you an email when Global Wood Markets Info posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.
Send a message to Global Wood Markets Info:
Want your business to be the top-listed Media Company?
