4.2% growth of Russian lumber output 2016
The Russian statistics authority Rosstat informs that the Russian wood processing industry’s output in 2016 was 4.2% higher than in 2015 at 22.8m m³.
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New Investment Project for Ireland
The European Investment Bank (EIB) will provide an investment in Irish forestry in the amount of €112m. According to the terms of the scheme, the EIB will contribute €28.5m of investments to privately owned forests across Ireland. Cheap loans will be provided to individuals engaged in direct land acquisition, afforestation, lease contracts and other forms of land management.
North American wood industry 2017
According to Wood Resources International (WRI), log exports from western U.S. to China will grow in coming time, while shipments to South Korea may decrease. Log exports to Japan will remain stable. The increase in log exports from western U.S. may lead to the higher log prices for key lumber producers in 2017.
Russian Lumber Market 2016
Export prices in Russia were quite stable in 2016 with only slight increases during the autumn.
Chinese and Japanese lumber markets 2016
During the summer and autumn 2016, there was a strong demand for imported softwood lumber in China, with the volumes of import for the 2Q/16 and the 3Q/16 reaching the highest level on record.
Northern Europe Lumber markets 2016
Swedish lumber exports have remained almost unchanged in 2016 as compared to 2015 with total volumes likely to reach about 12.5 million mᶾ.
North American lumber market trends 2016
The slow but stable improvements in the housing market of the US in 2016 have resulted in both increased inner production and a rise in lumber imports. During the first eight months of 2016, lumber production increased by 3.6% in comparison with the same period in 2015.
World timber and wood products market update
According to the Wood Resource Quarterly, global trade of softwood lumber is predicted to increase by nearly 14% in 2016, which is caused by higher wood demand in China and the US.
World of Wood Convention 2017
Registration for the 2017 World of Wood Convention has recently started, it is going to take place on Apr. 5-7 at the Hotel Nikko in San Francisco.
Decrease in imports of softwood logs in Germany
Imports of industrial softwood and sawlogs in the third quarter in Germany declined by 17% to 1.721m m³.