Timber prices globally have seen a rollercoaster time in 2021. With each new wave of the virus being reported, the timber production and demand of timber has been disproportionate across the world. This has ultimately created tremendous instability in the construction and timber industries.
The composite softwood timber prices, in the US, for example, rose from $575/MBF in November 2020 and reached $1,500/MBF around 2021 May. While prices dropped to $500/MBF in August, the cost of timber per board foot touched $1,024.30 in December. The situation in other countries was no different.
Talking about sawmills for a moment, those located in North America and Europe have enjoyed profits well above historical norms in the first half of 2021 but the prices fell in the third quarter of the year when the timber prices plunged.
Let’s check out some of the most important happenings in the Global Timber Market currently:
While these are some of the most important aspects of the market data in the recent past, there are much more interesting aspects across the global timber supply chain including production, inventories, exports, consumption and prices of timber. The Timber Exchange platform provides a paid Market Data Hub section that is constantly updated with the latest news from the global trade world so that you can keep track of the same. To know more, feel free to check out https://www.timber.exchange and subscribe to the Timber Exchange Market Data Hub.