WRI Blog

Chinese imports of softwood and hardwood wood products will be significantly altered in 2022 if Russia’s log export ban is implemented

China is the world’s largest importer of softwood and hardwood logs, and for many decades, Russia has been a significant log supplier for them. This relationship may change in 2022 if Russia implements their proposed ban on exports of softwood logs and valuable hardwood logs, while also introducing export taxes on green lumber. All these...

The Netherlands and Japan have increased their market shares of globally traded wood pellets substantially over the past five years

In 2020, wood pellet production in Europe was up 4% y-o-y and was 34% higher than in 2016, according to data just released by the UNECE. Despite this increase, production has not kept up with consumption, resulting in higher net imports to the continent over the past few years. To fill the supply deficit, Europe...

Higher log demand from sawmills in Europe and North America moved the GSPI Sawlog Price Index to a seven-year high

Softwood sawlog prices have gone up in 21 of 22 regions worldwide in the past year, as tracked by the WRQ. By far, the most significant increases have occurred throughout Europe and British Columbia.  In the 2Q/21, average sawlog prices were 60-70% higher y-o-y in Eastern and Central Europe, driven by the increased competition for...

Prices for softwood fiber increased faster than hardwood fiber in the 2Q/21

Softwood fiber costs were generally higher worldwide in the 2Q/21 than in the previous quarter despite an increase in the supply of residuals from sawmills in Europe and North America. Practically all regions covered by the WRQ experienced q-o-q prices increases in the range of 1-5%. The major exception was British Columbia, where wood chip...

Increased demand for softwood lumber in the US and Asia will change the global trade flows of wood in the coming decade

Softwood lumber has been in high demand in the US and Europe throughout 2021. The limited supply resulted in temporary price surges to record high levels during the spring, followed by substantial declines in early summer. The outlook for lumber demand is likely to be strong worldwide in the coming decade in most world regions,...