Global sawlog prices continue to rise despite falling lumber demand

The global lumber market has faced a steady decline over the past two years. Demand for softwood lumber has dropped across major regions due to factors like weaker house construction, reduced remodeling activities, and lower consumer goods consumption. Yet, in despite this, one unexpected trend has caught attention: the global sawlog prices have been rising in key regions. Usually, a drop in lumber demand leads to a fall in sawlog prices as well. However, the global sawlog prices have gone against this pattern, climbing on average nearly 7% year-over-year by the third quarter of 2024. What ...