The global timber market is experiencing significant shifts, revealing a complex interplay of supply chain disruptions, demand fluctuations, and regional economic activities. Understanding these dynamics is crucial for strategic planning and risk management. Here are the key insights:
- Brazil: Timber exports to Saudi Arabia have plummeted by 75% since the start of the year.
- Canada: Log purchases are at an all-time low.
- China: Prices are stable between 210-270, but Shanghai's inventory levels exceed 3.5 months of consumption.
- Egypt: Inventory levels are high, and prices are starting to fall.
- European Exports: From January to May 2024, there has been a decline in softwood lumber exports to the US in both volume and value.
- Finland: Redwood production is high. Whitewood production is low, while stock levels are high.
- Germany: Construction orders are skyrocketing.
- Japan: Stock levels remain high, with Tokyo holding 2.5 months of inventory. The sawmill industry expects the Yen to strengthen, boosting exports. Domestic production is declining.
- Latvia: Softwood sawlog prices are stable, averaging 85-95 EUR per cubic meter during the autumn and winter months.
- Morocco: The price for 19mm schaals has surged.
- Nordic Region: Timber exports to Egypt have significantly slowed down during Q3.
- Romania: Major players in the wood industry are reporting significant financial losses, ranging from 10% to 20% of their revenues.
- Russia: Exports to China are stable at USD 220 million monthly.
- Sweden: Both redwood production and stock levels are high, with renovation activity picking up. Logging activities have decreased by 6%, marking the lowest felling rates in seven years.
- Eastern Europe and GCC: Prices for pallets and pallet timber have dropped.
- UK: Improvement in the market mood among importers and distributors in the plywood market. Mortgage activity is picking up. Softwood imports are weakening due to supply chain issues in Northern Europe, dropping by more than 7% against the same period last year.
- US: Lumber prices have been affected by housing affordability and post-pandemic market adjustments. Remodeling and repair spending is near record low.
In a rapidly changing market, staying informed is more important than ever. What trends are you seeing in your region? Share your thoughts and let's discuss!
#globaltimber #Timbermarkets #globalmarkets #industryinsights #Forestryindustry #Lumbermarket #Supplychain #sawmills
