Prices for sawn timber in Europe expected to continue falling in Q3 and Q4

The invasion of Russia in Ukraine created both challenges related to the prices of raw materials and energy resources, great uncertainty for European woodworking companies.    Kristaps Sauketēns, Head of the Wood Industry Department of the Large Enterprise Service Department of "Swedbank", notes that the most significant quantities of wood products exported from Russia and Belarus to Europe so far were sawn timber, pellets and wooden boards - plywood, OSB, chipboards. After the Russian invasion of Ukraine, the international certificates FSC and PEFC were initially annulled, and then sanctions were imposed on wood products from Russia and ...