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May 14, 2020

What’s the impact of coronavirus on exports of the Finnish forest industry?

What’s the impact of coronavirus on exports of the Finnish forest industry?

How does the global recession caused by the coronavirus affect the exports and prices of the Finnish forest industry?

For Finland, the most important export destination for sawn timber is Egypt, whose main export revenue comes from tourism and oil. Both are doing badly. The second is China: there, industrial production slowed sharply for a while, now the situation is apparently improving. In Japan, the situation has remained reasonable. In Britain, construction has apparently almost come to a halt but will reopen in May. In Saudi Arabia, the sharp fall in oil prices will reduce construction. In Germany and France, construction has fallen sharply. This is the situation in Finland's main sawn timber exporting countries.

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