Sawlog prices throughout Europe decline in 2019, early 2020 mainly from oversupply, enabling European lumber producers to become more globally competitive; China in March imported more lumber from Nordic countries than from Canada for first time. Historically, Europe has had some of the highest sawlog prices in world. Since wood raw- material costs typically account for 65-75% of the production costs when manufacturing lumber, many sawmills in Europe have had difficulty being competitive in major markets outside the continent, namely in China and the US. From 2010 to 2018, the European ...
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