2024 outlook for Russian lumber exports

Russian exports in the global lumber market have changed substantially as their war against Ukraine continues. With the huge shift in exports from the country, what does the start of 2024 look like for wood markets? Major changes in Russian lumber export prices Once known as the global leader of softwood lumber exports, the tide has certainly shifted for Russia. The country’s invasion of Ukraine has yielded lofty consequences on a global economic scale. A considerable amount of these consequences comes in the forest products market. Major countries, particularly across the EU, have banned all exports ...