Global lumber demand falls, pushing sawlog prices down from record highs

In 4Q 2022, the demand for lumber decreased worldwide, relaxing prices for sawlogs down from record highs. The Global Sawlog Price Index (GSPI) has fallen for two consecutive quarters from its all-time high in the 2Q 2022, according to the Wood Resource Quarterly. The most significant decreases occurred in Western North America, the Baltic States, Central Europe, and Eastern Asia. The Euro-denominated European Sawlog Price Index (ESPI) also fell in late 2022 but despite the 6% decline in six months, current sawlog prices are still close to their highest levels in over 20 years. The Global ...