STOCKHOLM, April 5, 2021 / PRNewswire / – Both WRI’s sawlog price indexes (global and European) jumped 8% q / q to 4Q / 20 as log prices increased worldwide. Demand for logs improved as wood consumption increased in the second half of 2020, especially United States, the United Kingdom, South Koreaand the MENA region. In Europe, the timber market was generally stable, with only minor changes in domestic demand. However, European countries with high levels of timber exports to non-European countries have been lucky. Record US lumber prices helped push shipments to higher year-on-year levels than at 4Q / 20. These increases were seen in Germany, Sweden, Romania, and Austria.
the Global Lumber Price Index (GSPI) reached a two-year high of US $ 74.66/ m3 in the 4Q / 20. It was more than two dollars above its 25-year average. American West, Western Canada, Austria, Germany, and Estonia saw the most significant price increases for qoq. Of the 21 regions included in the Index, only Northwestern Russia and Poland given the fall in sawlog prices from 3Q / 20 to 4T / 20.
the European sawlog price index (ESPI), denominated in euros, amounts to 76.13 € / m3 in 4Q / 20, against a low of 11 years in 3Q / 20. Price of logs in Austria, Germany, Norway, Estonia, and the Czech Republic increased the most in fall 2020.
Russia exported 15 million m3 logs in 2020, which accounted for nearly 12% of roundwood traded in the world. Much of this trade could stop next year when a new law proposed by From russia President to ban export of high value softwood and hardwood logs January 1, 2022. According to a study recently published by WRI and O’Kelly Acumen, Export ban of logs to Russia in 2022 – Implications for the global forest industry (LINK), China will probably seek to source logs from other parts of the world, such as Oceania, Europeand the United States.
Are you interested in the global wood products market information? The Wood Resource Quarterly (WRQ) is a 70-page report produced in 1988 that has subscribers in over 30 countries. The report follows sawlogs, pulpwood, lumber and pellets pricesand reports on the development of the timber trade and market in most key regions of the world. For more information on the latest trends in the international forest products market, please visit www.WoodPrices.com
Wood Resources International LLC
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SOURCE Wood Resources International LLC