Russian forest exports volume fell by 10% in 2022 due to EU sanctions

Posted on December 19, 2022   |  

In 2022, the volume of forest product exports saw a decline of 10% due to sanctions by the European Union but the decline in supplies is less than expected, which is due to the adaptation of forest exporters to new conditions and the development of trade relations with Asian countries.

Exporting forest products to Asian markets is also having problems as in 2022, China recorded a crisis in the real estate market and a consistent decrease in demand and prices for lumber and plywood.