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July 3, 2018

The Russian timber sector is in buoyant mood

The Russian timber sector is in buoyant mood
The Russian timber sector is in buoyant mood and increasing capacity, including in wood-based construction, after a robust performance in 2017. In 2017 Russia GDP grew 1.5%, successfully taking the country out of economic recession.    The woodworking industries were part of this success, contributing 1.9% to GDP, with the sawmill sector achieving 2.2% growth and its further expansion reflected in a 60.7% increase in production and processing equipment imports.    Sawlog production rose 4% to reach 79 million m3, while exports contracted 1.5% to 11 million m3 ...

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