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February 19, 2020

Swedish forest industry affected by weak European markets; virus can reduce exports to China

Swedish forest industry affected by weak European markets; virus can reduce exports to China

As a whole, 2019 was a good year for the Swedish forest industry, but not as favorable as 2018. A relatively strong first half was replaced by a weaker one when the forest industry fell into the general economic slowdown.

The weak development in Europe left clear tracks in the forest industry, with falling export volumes as a result. For exports of wood and pulp, this was offset by increased exports to China and Egypt in particular. In the short term, the coronavirus can now temporarily reduce exports to China, says Kerstin Hallsten, chief economist at the Swedish Forest Industries.

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