Russian plywood industry gradually stabilized

The volume of Russian plywood production in 2023 remained at the level of 2022 and amounted to 3.3 million m³ (+0.3% y/y). Annual production capacity utilization, taking into account the commissioning of new production lines, also remained at last year’s level of 55% (these figures may be adjusted after the close of the financial year and clarification of production indicators by manufacturers). The state of the plywood market can be assessed as stable. Over the past few months, demand has been consistent with the season. Manufacturers report demand supporting established average production volumes. Nobody mentions ...