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October 9, 2018

Forecast: Finland’s softwood lumber exports to drop this year due to slow Chinese demand

Forecast: Finland’s softwood lumber exports to drop this year due to slow Chinese demand

The production volume of sawn goods will increase 1–2 percent in 2018. Export of pine timber will increase, but that of spruce will fall. The decline is due to a significant fall in exports to China early this year. The overall export demand for sawn goods is supported by the favourable economic situations and growth of construction investments in practically all key export countries.

Around 77 percent of Finnish sawn goods production will go to export in 2018. Export prices of sawn goods will be boosted by strong demand and inflation this year and the next.

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