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April 21, 2022

Latvia: Lumber price growth expected to continue due to sanctions on Russia

Latvia: Lumber price growth expected to continue due to sanctions on Russia
The situation on the Latvian lumber market in 2021 was dictated by price increases, reaching historically the highest prices for pine and spruce trees. Considering the geopolitical situation at the start of the year, the price rise are expected to continue because anti-Russian sanctions play a major role.    Last year the demand for mortgage loans increased in the EU. This rapidly promoted construction of new buildings. Construction of wooden buildings is characteristic for Europe and the US, especially when it comes to panel houses, the construction of which uses pine and spruce wood. As a ...

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