Global wood industry outlook still faces economic challenges

The global wood industry faces economic challenges amid sluggish growth in key regions like China, the US, and Europe. Stable nominal price fluctuations characterize the European market, with tightening competition due to lower raw material supply. Weak construction activity globally dampens softwood lumber consumption, leading to decreased exports from countries like Finland. Recovery is anticipated next year, driven by expected interest rate cuts stimulating construction demand, while this year's lumber demand is predicted to remain stagnant, with a slight decrease in exports and production. The world economy is still in stagnation The growth prospects of the global ...