Declining demand pushes latvian sawlog prices lower in 2024; optimistic forecasts for 2025

Over the past six months, Latvia’s wood market has remained relatively stable in terms of pricing, although regional and seasonal price fluctuations continue to be observed. In mid-summer, there was a slight decline in sawlog prices, but they have since recovered, continuing on a positive trend. While the economies of Latvia’s key export markets are still struggling, optimistic business forecasts for the upcoming year and low warehouse stocks are gradually driving up demand. This overview provides a general assessment of December 2024 price changes and trends in Vidzeme, Kurzeme, and Latgale based on data from our ...