WRI Blog

Wood Resources International Is Now a ResourceWise Company

ResourceWise Expands Its Wood Fiber Pricing Globally with Acquisition of Wood Resources International ResourceWise, the newly formed parent company of Forest2Market, Fisher International and Tecnon OrbiChem, has acquired Wood Resources International (WRI). WRI is the publisher of Wood Resource Quarterly (WRQ), a market report that tracks log, wood chip, lumber and pellet prices on a...
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Russia’s Invasion of Ukraine will Likely Halt Planned Investments in the Russian Forest Industry and Reduce Forest Products Export

Russia’s invasion of Ukraine is likely to impact global trade in the coming months. Increased sanctions against trading with Russia and difficulty with financial transactions will probably interrupt and re-direct shipments of forest products throughout the world. As a result, trade with Russia will likely decline, impacting long-established international trade flows of forest products. Countries...
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Sawlog Supply in the US South is Likely to Tighten but a Surplus of Small Logs and Residues will Create Long-Term Opportunities for the Expansion of the Pulp and Wood Pellet Sectors

The US South’s softwood industry has enormous potential for a variety of reasons. The region has a significant forest resource with room for expansion, low and stable wood costs, and a thriving lumber and pellet manufacturing sector. The local forest industry is set to grow in the coming years and play a more prominent role...
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The Large Softwood Timber Surplus in the US South is Likely to Diminish Over the Next Decade, Resulting in Regional Increases in Sawlog Prices, while Prices for Pulpwood will Remain Unchanged

The US South softwood timber resource is significant, cost-competitive, and increasingly crucial for the global supply of several forest products. In 2020, an estimated 12% of the world's conifer timber harvest was in this region. A large softwood timber inventory has built up in the southern US over the past 15 years. In 2000, timber...
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Sawmills in the Nordic Countries Have Some of the Lowest Sawlog Costs Worldwide

Record-high lumber prices in North America and Europe have moved both demand and sawlog values to some of the highest levels seen since WRQ started tracking sawlog markets in 1995. In their local currencies, log prices in the Nordic countries, the Baltic States, Central Europe, Western Canada, and the Western US were at all-time highs...
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Wood Fiber Costs Increased for Softwood Pulp Producers Worldwide in 2021 but Decreased for Manufacturers of Hardwood Pulp

Wood fiber costs for pulp manufacturers have gone up in practically all countries covered by the WRQ over the past year. In the 3Q/21, the Softwood Fiber Price Index (SFPI) was at its highest level since 2014, 8.1% higher than the 3Q/20. The most significant price increases have occurred in Western Canada, US South, Latin...
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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...
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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...
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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...
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