Estonian wood sector in decline, wood prices expected to rise due fall in logging activities

The decline in turnover of Estonian loggers that lasted the whole of last year continued in the first quarter of 2024 in aggregate volumes. The overall cooling of the economy has clearly affected the price of wood. During the corona, wood prices shot up vertically, but they came down just as quickly after the price rally. On the other hand, in the first quarter of 2024, certain signs of stabilization or even price growth in some assortments could be seen. However, the low demand has clearly reduced the volumes, and the turnover of the entire forest sector is still in ...