Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
US becomes Sweden's biggest lumber importer behind UK in 2022
Posted on March 15, 2023 |
Swedish lumber prices are on the rise after the sharp decline last autumn due to reduced supply.
Sawmills are seeing high prices as throughout the autumn of 2022, the buyers were waiting for continued price drops, and the purchases were fixed but at last, buyers' stocks hit too low and started buying at the same time.
In 2021, Russia was the world's 2nd biggest exporter of lumber behind Canada, but Russian lumber is now distant from the European market; half of the previous Russian exports of 30 million m³ went to China, but even there Russian lumber has declined.
Egypt and China have been the dominant consumers of Swedish wood products, which gave confidence to sawmills to raise prices when stock availability tensed.