Is Estonia’s wood industry recovering?

After several difficult years, Estonia’s wood industry is showing signs of improvement. According to recent statistics, production volumes in January 2025 increased by 8% compared to the previous month. While this is a positive development, industry experts say it is too early to draw conclusions. The sector is still operating below its peak levels, and market conditions remain uncertain. In 2024, the Estonian wood industry faced a downturn. By the end of the third quarter, total industry revenue had fallen by 16% year-on-year, and production volumes were down 10.7% for the year. The January increase ...