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July 28, 2020
Exports of Latvian timber industry are expected to fall this year; US market an opportunity
The volume of exports of companies in the Latvian wood industry sector could decrease in general this year, as well as profits. However, opportunities could arise from non-traditional markets for Latvia, such as the United States, where the demand for lumber is currently on a rising trend. Kristaps Klauss, Executive Director of the Latvian Wood Industry Federation, is likely to see a decline in the Latvian wood industry exports this year. He acknowledged that at the beginning of the Covid-19 coronavirus pandemic, in mid-March and early April ...
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