The war in Ukraine led to an all-time high in timber prices

The war in Ukraine led to an all-time high in timber prices

Release date: May 10, 2022

Russia is the world’s largest timber exporter, with about 30 million cubic meters, more than half of which are exported to China. The western world and Europe also have a large number of imports. Russia / Ukraine / BELARUS exported 8 million cubic meters to Europe. At present, wood products are in obvious shortage and cannot be replaced in the short term. Last November, with the increase of demand in the U.S. market, wood prices rose, and then spread to Europe. Rising prices not only affect home decoration, but also bring greater consequences. In recent years, the construction industry has begun to change its strategy and hope to try to create a more intelligent climate environment with wood. However, the shortage of wood is sure to lead to the decline of the construction industry, which will have a huge impact on the economic slowdown.

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