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Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Statistics / Wood Products / Wood-based panels / Global / Russia
July 27, 2020

Forecast: Russian timber industry could contract by 30%

Forecast: Russian timber industry could contract by 30%
The Russian construction industry may contract by almost 50% in 2021 and its revival will take at least two years. Consequently, production in the Russian timber industry may drop by 30%.    This calculation was presented by Metafrax Group that owns Metadynea, a synthetic resins manufacturer, in its assessment of the negative scenario in case of slow suppression of the pandemic.    In the best-case scenario, the construction industry may shrink by 16% next year, while the timber industry will begin its gradual recovery.    According to company’s calculations ...

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