Crisis looms over Estonia’s timber industry with declining demand and competitive pressures

The timber industry in Estonia is facing a severe crisis as a combination of reduced demand and competitive hurdles continue to plague the sector. With decreasing sales revenues and profitability, industry leaders are urging immediate government intervention and policy reforms to restore competitiveness and stimulate growth. Andris Jegers, a partner at the KPMG audit firm, predicts a forthcoming decline in turnover and profitability, highlighting the challenging market conditions in Estonia's timber industry. Speaking on the Äripää TOP program, Jaano Haidla, board member of Graanul Invest, expressed concerns over the industry's disadvantageous position, citing higher raw material prices ...