Russia becomes the world’s largest exporter of softwood  

Russia becomes the world’s largest exporter of softwood

According to the latest data of wood resource quarterly, Russia has surpassed Canada to become the world’s largest softwood timber exporter in 2019, with the annual export volume of nearly 32 million cubic meters of timber, accounting for 23% of the global timber trade.

Due to the downturn in the U.S. housing market this year and the narrowing demand for North American timber in overseas markets, timber production in the U.S. and Canada has declined.

In the third quarter of 2019, China’s timber import price has declined for three consecutive quarters, reaching a new low since 2016. At the same time, German cork wood export reached the highest level in 10 years. At present, China, the United States, the United Kingdom and India account for the largest increase in global softwood shipments.

According to wrq data, between 2018 and 2019, Finland’s timber export profit fell faster than that of its competitor Sweden.

Global sawn prices continue to fall

In the third quarter of 2019, most of the world’s major log markets were well supplied, but demand fell and so did log prices. Among them, the largest decline is from central Europe, where the log forest has been hit and damaged by a continuous storm this year.

As global prices are falling, the global sawn price index (gspi) was hit in the third quarter of this year, the third quarter on quarter decline in 10 years. Wrq data also showed that the European saw price index (ESPI) fell another 5% in the third quarter of this year, which has been a steady decline for two consecutive years.

Relative taste of global pulp price

Compared with the third quarter of 2018, the prices of softwood pulp logs and chips in the global market are relatively stable this year. The countries with the largest price cuts are Austria, Germany and Sweden.

Among them, the only high price area comes from western Canada, and the price of pulp log is 10% higher than that of last quarter. In the third quarter of this year, the softwood fiber price index (sfpi) fell 2.2% month on month, the lowest level in two years.

In the past two years, the hardwood fiber price index (hfpi) has remained stable. In the third quarter of this year, the price index of hardwood fiber decreased slightly compared with the previous quarter, but increased by about 1% compared with the same period last year.

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