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September 24, 2019
Germany: Oversupply of logs and declining sawlog prices due to large volumes of damaged wood
Large volumes of storm and insect damaged trees in Germany have resulted in an oversupply of logs and declining sawlog prices in 2018 and 2019. Sawmills have ramped up production, and export sales in the 1Q/19 reached their highest level in almost two years. Historically, Germany was a net exporter of softwood logs, but since 2009 the country has almost doubled import volumes, while exports have only grown modestly. In 2018, softwood log imports were slightly higher than they were in 2017, reaching 8.3 million m3 (a new record high ...
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