Timber Exchange review – June 2020
Previously unseen changes continue to be recorded on the global timber market. Historically, timber prices in Europe have been among the highest in the world over the past few decades; however, due to the significant increase in the supply of timber as a result of pests and dry weather, cheap European timber has filled all global timber markets. Germany and Sweden have recently become the major timber importers to the USA, and in Q1 2020, Sweden and Finland have for the first time in history become the third and fourth largest importers to China surpassed only by Canada and Russia. Furthermore, certain changes on the market are also due to the COVID-19 pandemic: individual countries are affected by different consequences of the pandemic and either suspend or resume the operation of their sawmills.