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January 12, 2022

Latvian exports of wood products hit record value due to booming prices

Latvian exports of wood products hit record value due to booming prices
The Latvian timber industry was the sector with the fastest growth in export value last year, recovering from a difficult 2020.    Kristaps Klaus, Executive Director of the Latvian Timber Industry Federation, said in May 2020 the restrictions caused by Covid-19 had severely affected the forest sector and exports. The situation was diametrically opposed in 2021.    Pēteris Strautiņš, an economist at Luminor Bank, ironically describes that "anyone who said a year that timber exports would double in a year would be sent for a doctor's examination". Latvian exports of wood ...

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