Global weak lumber markets led to reduced sawlog prices

Increased interest rates, higher inflation, and market uncertainty regarding a possible recession in 2023 resulted in reduced housing starts and decreased renovations in the second half of 2022. These two wood end-use sectors are significant drivers in the consumption of forest products demand worldwide and often set consumption and pricing levels of sawlogs in many markets. The weak lumber markets have led to reduced sawlog prices, with some delay, on most continents. The most significant price declines from the 1H/22 to the 2H/22 (in local currencies) occurred in Western North America, Baltic States, and Central Europe ...