Timber trade reviews

  • Timber Exchange Trade Overview – October 2020

    Timber Exchange Trade Overview – October 2020

    2020-11-16

    European timber exporters have increased the share of sales to overseas countries from 30% to 45% over the past decade, and, in 2020, more than one fifth of their timber was exported to Asia. The current unique situation has provided European producers with new opportunities: demand for timber in Europe has dropped and supply has increased considerably, while the countries with the greatest demand for timber lack their own timber resources. The four major European exporters – Sweden, Finland, Germany

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  • Timber Exchange Trade Overview – September 2020

    Timber Exchange Trade Overview – September 2020

    2020-10-12

    In September 2020, the Timber Spot LT index increased by 3.6% and reached 34.12 EUR/solid m3. Compared to September 2019, the value of the index was 9.8% higher. After the record lows in October 2019 (27.97 EUR/solid m3), the value of the index that has been increasing for the fifth consecutive month has reached the average of the past 5 years (34.74 EUR/solid m3). READ MORE

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  • Timber Exchange Trade Overview – August 2020

    Timber Exchange Trade Overview – August 2020

    2020-09-10

    A total of 119 short-term auctions were announced in August, of which 83 auctions were completed (at which at least one buyer offer was presented). These auctions received offers from 109 participants, of which 99 participants concluded contracts. The data of Q1 2020 for China, the world's second largest timber market, shows a drop both in imports and exports. Read more

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  • Timber Exchange Trade Overview – July 2020

    Timber Exchange Trade Overview – July 2020

    2020-08-20

    In July, buyer activity via the ETTS was very high both in terms of the number of completed auctions and the amount of sold timber. The global timber market continues to be considerably affected by the COVID-19 pandemic and the increased supply of timber due to European forests being damaged by pests and drought and dropped prices of European timber. Read more 

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  • Timber Exchange review – June 2020

    2020-07-15

    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

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  • Timber Exchange review – May 2020

    Timber Exchange review – May 2020

    2020-06-11

    In May, trade via the Electronic Timber Trading System (ETTS) was very active and included short-term auctions and the auction of the second half of 2020. In May, 189 auctions were announced and 165 auctions were completed. During the auctions, offers were made by 266 participants, which was the highest number of participants since November 2017. Lithuanian companies purchased 94% of the total amount of sold timber. Record large quantities of timber were sold in May both during short-term auctions

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  • Timber Exchange review – April 2020

    Timber Exchange review – April 2020

    2020-05-14

    In April, trade under short-term contracts via the Electronic Timber Trading System (ETTS) was very active, with the sales volumes increasing 3.5 times compared to April last year. The supply of timber under short-term contracts increased by 76% and the total quantity ratio of purchased to offered timber decreased from 1:4.3 to 1:2.1 compared to April 2019. It is therefore evident that the COVID-19 pandemic has not had any material effect on timber trade. A total of 75,944 solid m3

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  • Timber Exchange review – March 2020

    Timber Exchange review – March 2020

    2020-04-17

    After the very active February, trade via the Electronic Timber Trading System (ETTS) under short-term transactions in March has remained equally active, despite the COVID-19 pandemic and quarantine announced in Lithuania in mid-March. Quite the contrary, sales volumes have grown 5.5 times compared to March 2019, but this can be related to the increased supply of timber under short-term transactions. This is also demonstrated by the auction schedule, which is already full for the two forthcoming weeks. A total of

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  • Timber Exchange review – February 2020

    Timber Exchange review – February 2020

    2020-03-20

    Trade was very active in the first two months of this year. A total of 50,507 solid m³ of timber was sold via the Electronic Timber Trading System (ETTS) by the end of February 2020. Similar market activity in the month of February was last recorded in 2015. The supply of firewood and timber harvesting residues was particularly high – a surplus of these assortments has been observed from the very beginning of the heating season. Ninety-one auctions were held

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  • Timber Exchange review – Year 2019

    Timber Exchange review – Year 2019

    2020-02-07

    The past few years have been favourable to the European timber market: demand has remained stable, timber sales have continued to grow and market participants have been actively investing in the improvement of the effectiveness of their production facilities. Export markets have continued to expand (Asian countries in particular), and the pre-crisis level of trade with the US has been reached. However, the latest warm weather conditions dominating throughout Europe, in particular Central Europe, have affected the balance on the

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  • Timber Exchange review – November 2019

    2019-12-20

    By the end of November, 788,558 solid m³ of timber was sold via the Electronic Timber Trading System (ETTS). One hundred fifty-three auctions were held in November and 116 auctions were announced as completed (a 26% increase compared to October). Two hundred thirty-seven buyers from Lithuania, Latvia and Poland took part in the auctions. Ninety-three per cent of timber was purchased by Lithuanian companies. The total value of the sold timber amounted to EUR 27,626,867. In November, most of the

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  • Timber Exchange review – October 2019

    2019-11-20

    115 buyers from Lithuania, Latvia and Poland took part in the ETTS auctions in October By the end of October, the quantity of sold timber recorded with the Electronic Timber Trading System (ETTS) amounted to 165 solid m³. A total of 149 auctions was organised in October, of which 92 auctions were announced as completed. This was a 23% increase compared to September. One hundred fifteen buyers from Lithuania, Latvia and Poland took part in the auctions. Ninety-seven per cent

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  • Timber Exchange review – September 2019

    2019-10-15

    In September, the prices of woodchips in Lithuania continued to decrease, as European forests were attacked by wormholes By the end of September, the quantity of sold timber recorded with the Electronic Timber Trading System (ETTS) amounted to 70,440 solid m³. Over this period, 124 auctions were organised, of which 75 auctions were announced as completed. Ninety-three buyers from Lithuania and Poland took part in the auctions. Ninety-five per cent of timber was purchased by Lithuanian companies. The total value

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  • Timber Exchange review – August 2019

    Timber Exchange review – August 2019

    2019-09-15

    A total of 121,549 m³ of timber was sold via the ETTS by the end of August. Most of the sales (85,352 m³) accounted for the sales of the repeat auction of the 2nd half of 2019. A total of 115 auctions had been announced, and 64 of these actually took place. The auctions were attended by 95 buyers from Lithuania, Latvia and Poland. The value of the sold timber amounted to EUR 3,147,384. During the repeat auction of the

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  • Timber Exchange review – July 2019

    Timber Exchange review – July 2019

    2019-08-21

    As a result of the auction of the second half of 2019, 609,979 m³ of timber was sold. This accounted for 75% of timber proposed for selling by the State Forest Directorate. 196 buyers of timber participated in the auction. Compared to the data for the first half-year auction, the prices of all assortments under the concluded transactions decreased on average by 22%. It should be noted that some timber remains unsold; consequently, after a repeat auction, the overall price

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  • Timber Exchange review – June 2019

    Timber Exchange review – June 2019

    2019-07-29

    In June, sellers offered 302 593 m3 timber on the electronic timber trading system (ETTS), or 20 percent more than in May. Short-term contracts for sales of 91 248 m3 of raw timber were concluded, which was 1.5 times more than in April (60 266 m3). Buyers purchased only 30 percent of offered production, similar to the previous months. Full review here

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