Lumber
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Swedish sawmills could face more cutbacks and adjustments as log prices keep on rising
As log prices continue to soar in Sweden, forest owners' associations that own industrial operations find themselves in a challenging position. On one hand, rising log prices attract members to deliver their timber, while on the other, maintaining a profitable industry is essential for ensuring member satisfaction through profit-sharing.... Continue reading
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October 8, 2024
Swedish sawmills could face more cutbacks and adjustments as log prices keep on rising
As log prices continue to soar in Sweden, forest owners' associations that own industrial operations find themselves in a challenging position. On one hand, rising log prices attract members to deliver their timber, while on the other, maintaining a profitable industry is essential for ensuring member satisfaction through profit-sharing.... Continue reading
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September 30, 2024
Fall in EU softwood lumber exports to the US
European softwood lumber exports to the USA experienced a downward trend in the first seven months of 2024 compared to the same period in 2023. The total volume of exports from the European Union declined from approximately 2.39 million cubic meters in January-July 2023 to around 2.17 million cubic meters in January-July 2024, marking a decrease of 9.18%. In terms of value, the total export value fell from EUR 627.6 million in 2023 to EUR 587.1 million in 2024, a decline of 6%. Germany remained the largest supplier, exporting EUR 353 million worth of softwood lumber in 2023, but this dropped to EUR 300.8 million in 2024, reflecting a 15% decrease. Sweden also saw a slight decline in value, with exports decreasing from EUR 182.1 million to EUR 177.1 million, a 3% drop. The average export prices for softwood lumber also varied during this period. The European Union's average price... Continue reading
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August 6, 2024
Japan: Prices for imported softwood lumber from Europe on the rise
The price increase of imported lumber for housing construction in Japan is becoming more noticeable. According to the Ministry of Agriculture, Forestry and Fisheries, the average price for European lumber in June is about 10% higher than that of domestic lumber.... Continue reading
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August 28, 2024
Will China’s timber market continue to shrink in the future?
Will the Chinese timber market continue to shrink in the future? The following analysis will explore the impacts on logs and lumber from the perspectives of real estate market demand, import-export conditions, and maritime shipping.... Continue reading
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October 1, 2024
Plummeting European exports of softwood logs & lumber to China this year
The European Union's softwood log and lumber exports to China have seen a significant decline during the first seven months of 2024 compared to the same period in 2023. This shift reflects not only the evolving demand patterns in the Chinese construction sector but also the broader European economic landscape affecting material supplies and prices... Continue reading
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July 10, 2024
Wood prices plummet to record low – Global wood market in serious crisis
Global lumber prices are falling like a stone. Market experts had not actually expected this new crash. At the beginning of July, lumber prices fell below USD 450 per 1,000 board feet for the first time since June 2020. In early July, global lumber prices fell below the already very low post-pandemic price levels. They are now approaching their recent lows and are 20 to 30% below production costs, said Kyle Little, CEO of Sherwood Lumber, to the US trade magazine fortune.com. Last year and early this year, lumber prices initially recovered significantly , but in March prices began to fall again and were most recently trading on the Chicago Mercantile Exchange at well below $450 per 1,000 board feet. Global lumber prices last week fell below their last lows of early 2023 and are now trading near their last lows of June 2020. The price decline for lumber has been particularly... Continue reading
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July 10, 2024
Wood prices plummet to record low – Global wood market in serious crisis
Global lumber prices are falling like a stone. Market experts had not actually expected this new crash. At the beginning of July, lumber prices fell below USD 450 per 1,000 board feet for the first time since June 2020. In early July, global lumber prices fell below the already very low post-pandemic price levels. They are now approaching their recent lows and are 20 to 30% below production costs, said Kyle Little, CEO of Sherwood Lumber, to the US trade magazine fortune.com. Last year and early this year, lumber prices initially recovered significantly , but in March prices began to fall again and were most recently trading on the Chicago Mercantile Exchange at well below $450 per 1,000 board feet. Global lumber prices last week fell below their last lows of early 2023 and are now trading near their last lows of June 2020. The price decline for lumber has been particularly... Continue reading
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August 28, 2024
Will China’s timber market continue to shrink in the future?
Will the Chinese timber market continue to shrink in the future? The following analysis will explore the impacts on logs and lumber from the perspectives of real estate market demand, import-export conditions, and maritime shipping.... Continue reading
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October 8, 2024
Swedish sawmills could face more cutbacks and adjustments as log prices keep on rising
As log prices continue to soar in Sweden, forest owners' associations that own industrial operations find themselves in a challenging position. On one hand, rising log prices attract members to deliver their timber, while on the other, maintaining a profitable industry is essential for ensuring member satisfaction through profit-sharing.... Continue reading