The sawn hardwood trade in Europe experienced a period of unprecedented demand and good margins in 2021 and the first half of 2022. Growing recognition of the environmental benefits of hardwoods, particularly with a rising focus on zero carbon commitments, also implies strong long term prospects for hardwood products in the region. However short-term market prospects are clouded with uncertainty against the background of sharply rising inflation and declining business and consumer confidence. There are also serious concerns about long-term supply, particularly of oak, due to ...
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