In recent years, the lumber industry has faced supply chain limitations and fluctuations in demand due to factors like COVID-related home improvement trends. This industry is accustomed to experiencing boom and bust cycles. Currently, higher interest rates are affecting construction and consumer spending, leading to a decrease in lumber demand in Europe, North America, and Asia. The demand for lumber in the US, heavily influenced by housing starts, is expected to decline by 10-25% in 2023. However, a recovery is anticipated in 2024-2025. In the European Union, confidence in the construction sector has diminished in 2023 ...
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