Timber
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Södra announces pine and spruce timber price hikes; expects strong demand this spring
Södra raises the prices of spruce and pine timber purchased by members by SEK 30 per solid cubic meter (EUR 2.70). According to Södra, timber prices are now at historically high levels and reflect the market’s strong demand. Södra indicated that there is still strong demand on the timber market and the need for timber is anticipated to be high in the forest industry during the spring. As a result, Södra is maintaining a high rate of felling during winter and spring to meet that need. According to the press release, the following price adjustments apply from January 19, 2023: Standard timber of spruce and pine is increased by SEK 30/m³fub (EUR 2.70). The premium for hardwood fuelwood is included in the basic price. The basic price will be SEK 330/m³ cubic feet (EUR 30) for beech and oak and SEK 300/m³ cubic feet (EUR 27) for fuel wood from other hardwood... Continue reading
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January 24, 2023
Södra announces pine and spruce timber price hikes; expects strong demand this spring
Södra raises the prices of spruce and pine timber purchased by members by SEK 30 per solid cubic meter (EUR 2.70). According to Södra, timber prices are now at historically high levels and reflect the market’s strong demand. Södra indicated that there is still strong demand on the timber market and the need for timber is anticipated to be high in the forest industry during the spring. As a result, Södra is maintaining a high rate of felling during winter and spring to meet that need. According to the press release, the following price adjustments apply from January 19, 2023: Standard timber of spruce and pine is increased by SEK 30/m³fub (EUR 2.70). The premium for hardwood fuelwood is included in the basic price. The basic price will be SEK 330/m³ cubic feet (EUR 30) for beech and oak and SEK 300/m³ cubic feet (EUR 27) for fuel wood from other hardwood... Continue reading
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November 28, 2022
China’s timber market report in October 2022: Import prices continue to fall
According to the data of the General Administration of Customs of the People's Republic of China, by October 2022, China's timber and wood products import trade volume has totaled 100.595 billion yuan, down 11.7% year on year. The import volume of wood and wood products reached 47.79 million tons, down 25.2% year on year. The total import volume of logs in China is 36.25 million m3，a year-on-year decrease of 32.1%; The amount reached 47.963 billion yuan, down 22.7% year on year. The total amount of imported sawn timber is 21.81 million m3，a year-on-year decrease of 8.3%; The amount reached 41.766 billion yuan, up 0.2% year on year. In October 2022, China imported 3.15 million m3 of logs for an amount of RMB 3.972 billion, down 36.9% year on year; The import volume of sawn timber reached 2.16 million m3. The year-on-year decrease was 3.4%, amounting to 3.875 billion yuan, down... Continue reading
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December 21, 2022
Belarus timber flows to EU circumventing sanctions via Central Asia
Belarus is circumventing EU sanctions by exporting its timber to EU countries using false documents claiming that the wood comes from Kazakhstan and Kyrgyzstan, a Belarusian investigative website revealed on Tuesday (20 December). In March 2022, following the Russian invasion of Ukraine via Belarusian territory, the European Union banned imports of some Belarusian wood. To circumvent the sanctions, Belarus timber kept arriving to the usual clients with false documents, according to the investigative website “Belarusian Investigative Centre” (BIC). The scheme should have raised suspicion in the EU because it has led to a 74-fold increase of wood exports from Kazakhstan and 18,000-fold surge from Kyrgyzstan in 2022, compared to the previous year. According to the investigation, which was made in cooperation with Siena (Lithuania), Kloop (Kyrgyzstan), Vlast (Kazakhstan),... Continue reading
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December 19, 2022
Latvia will strictly investigate the import of “conflict timber” from Russia
On December 14, the Latvian State Forestry Administration issued a reminder that the import of Russian and Belarusian timber and its products subject to EU sanctions is strictly prohibited. On April 8, 2022, the European Union announced the details of the fifth round of sanctions against Russia, including the import and export of timber, veneer, plywood, uncoated kraft paper, and pulp and other forest products to Russia. Among them, a grace period is given to some prepaid orders. After July 10, the trade ban involved will officially take effect. However, large volumes of Russian plywood and birch continue to flow into EU countries. The European Union has also found that a large amount of Russian birch plywood has flowed into the European Union again through countries such as Vietnam, South Korea, Japan and China. Relevant timber associations have also reminded companies that... Continue reading
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January 10, 2023
New Zealand’s export log prices fall due to the impact of exchange rates
In December 2022, the average export log (AWG) price across New Zealand ports has fallen by around NZ$2/JASm3. As the market price of exports to China has remained stable recently, the price of exported logs fell this time, mainly due to the strengthening of the exchange rate of the New Zealand dollar against the US dollar. The New Zealand dollar strengthened significantly in November, which affected New Zealand AWG log prices in December. NZD/USD remains volatile, but the underlying uptrend has stalled over the past few weeks. The PF Olsen Log Price Index fell slightly in December, down $1 from the previous month to $119, $4 below the two-year and five-year averages. At the end of 2022, many factories in New Zealand are on extended year-end holidays compared to past years. In previous years, most forest owners would arrange felling production during this period. This means New... Continue reading
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China’s timber market report in October 2022: Import prices continue to fall
According to the data of the General Administration of Customs of the People's Republic of China, by October 2022, China's timber and wood products import trade volume has totaled 100.595 billion yuan, down 11.7% year on year. The import volume of wood and wood products reached 47.79 million tons, down 25.2% year on year. The total import volume of logs in China is 36.25 million m3，a year-on-year decrease of 32.1%; The amount reached 47.963 billion yuan, down 22.7% year on year. The total amount of imported sawn timber is 21.81 million m3，a year-on-year decrease of 8.3%; The amount reached 41.766 billion yuan, up 0.2% year on year. In October 2022, China imported 3.15 million m3 of logs for an amount of RMB 3.972 billion, down 36.9% year on year; The import volume of sawn timber reached 2.16 million m3. The year-on-year decrease was 3.4%, amounting to 3.875 billion yuan, down... Continue reading
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November 28, 2022
Global demand for timber could grow fourfold by 2050
The World Bank forecasts that global timber demand will quadruple by 2050, driven by economic and population growth. Gresham House , the London-based specialist alternative asset manager, has a lower estimate but is still forecasting that global timber consumption will surge by 170% over the next 30 years, driven by urbanisation, decarbonisation and housing demand. It forecasts timber consumption will increase by 3.1% a year over the next 30 years up to 2050, up from 1.1% a year during the past 20 years. The vast majority of global commercial timber supply is sourced from temperate forests in the northern hemisphere (Canada, the US, northern Europe and Russia) and plantations in Oceania (New Zealand and Australia). These climates are conducive to the growing of softwood timber. However, the increase in urban dwellers is concentrated in regions with insufficient resources of mature... Continue reading
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January 10, 2023
New Zealand’s export log prices fall due to the impact of exchange rates
In December 2022, the average export log (AWG) price across New Zealand ports has fallen by around NZ$2/JASm3. As the market price of exports to China has remained stable recently, the price of exported logs fell this time, mainly due to the strengthening of the exchange rate of the New Zealand dollar against the US dollar. The New Zealand dollar strengthened significantly in November, which affected New Zealand AWG log prices in December. NZD/USD remains volatile, but the underlying uptrend has stalled over the past few weeks. The PF Olsen Log Price Index fell slightly in December, down $1 from the previous month to $119, $4 below the two-year and five-year averages. At the end of 2022, many factories in New Zealand are on extended year-end holidays compared to past years. In previous years, most forest owners would arrange felling production during this period. This means New... Continue reading
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January 24, 2023
Södra announces pine and spruce timber price hikes; expects strong demand this spring
Södra raises the prices of spruce and pine timber purchased by members by SEK 30 per solid cubic meter (EUR 2.70). According to Södra, timber prices are now at historically high levels and reflect the market’s strong demand. Södra indicated that there is still strong demand on the timber market and the need for timber is anticipated to be high in the forest industry during the spring. As a result, Södra is maintaining a high rate of felling during winter and spring to meet that need. According to the press release, the following price adjustments apply from January 19, 2023: Standard timber of spruce and pine is increased by SEK 30/m³fub (EUR 2.70). The premium for hardwood fuelwood is included in the basic price. The basic price will be SEK 330/m³ cubic feet (EUR 30) for beech and oak and SEK 300/m³ cubic feet (EUR 27) for fuel wood from other hardwood... Continue reading