Europe’s softwood lumber market faces mixed prospects amidst global uncertainties

The situation on the European softwood lumber market remains mixed, as various factors continue to impact supply and demand. One significant influence has been the Ukrainian crisis, which has prolonged the overreactions that emerged during the Covid-19 pandemic. As a result, the market experiences fluctuations where demand is either significantly lower than consumption or considerably higher. In the United States, consumption of softwood lumber has reached its lowest point, evident by the sharp decline in single-family dwellings and building permits. Comparing April 2023 to the same period in 2022, single-family dwellings fell by -28.1%, while ...