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April 5, 2022

Forecast: Effects of the Ukraine war on the Finnish forest sector

Forecast: Effects of the Ukraine war on the Finnish forest sector
The most significant consequences of the war for the Finnish forest sector are the cessation of timber imports. About 13 percent of the wood used by the Finnish forest industry has been imported from Russia. This year will provide a respite as several factors reduce the impact of import depletion on timber harvesting and the timber market. However, next year will increase the use of wood and clearly increase both the volume of harvesting and trade and the price of wood.    The end of imports of lumber and plywood from Russia to Europe will increase the ...

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