European softwood lumber production expected to fall by 4% in 2023

Softwood lumber production in European countries has been growing for a number of years. A production peak was achieved in 2021 on the back of strong demand on both sides of the Atlantic, particularly in H1. In H2 2021 markets had already slowed down and while the beginning of 2022 was positive, the rest of the year was marked by the war in Ukraine and all the negative changes connected to the war.  The profitability of European sawmills has been dented by persistently high energy prices, raw material prices and increasing personnel costs. Sales prices of softwood lumber ...