Estonian timber sector faces price increases in 2025 as raw material supply becomes limited

Economic recovery in Europe, including demand for materials, is expected to gradually take hold. The fallen Euribor is expected to support construction and development activities, and with continued inflation, a slight increase in wood prices in Estonia is likely to occur from the second quarter, predicts Toomas Pärtel, the head of Puumarket,  a timber and building material business selling goods wholesale and retail in Estonia and Scandinavia. Currently, the price of construction wood is nearly 50% lower than in 2022, and the prices of general construction materials have remained stable over the past year. “Price competition among sellers ...