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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Europe / Global / Russia
April 25, 2022

Lost Russian supply forcing Estonian companies to buy expensive wood from Nordics

Lost Russian supply forcing Estonian companies to buy expensive wood from Nordics
Replacing timber previously imported from Russia, Belarus and Ukraine cannot happen overnight, while the material is more expensive in Europe. The Estonian construction sector is experiencing a lumber deficit and its price may never fall to recent levels again.    Tarmo Vadi, sales manager for Estonian timber traders Nordwood Eesti, said that roughly a third of the lumber used to come to Estonia from Russia.    "In a situation where most of it has disappeared while local demand remains unchanged, it needs to be replaced. But because there are few good options for this ...

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