Global timber market set for recovery after Ukraine conflict, new study reveals

As the conflict between Russia and Ukraine extends into its third year, new research suggests that the global timber industry will experience significant disruptions. The study indicates that while short-term impacts will likely drive timber prices up by up to 3%, the market is expected to stabilize over the next few decades. Published in Forest Policy and Economics, the research utilizes the Global Forest Products Market (GFPM) model to project the consequences of the ongoing conflict. The study compares two scenarios: one where the invasion never occurred and another that accounts for current sanctions and trade disruptions caused ...