Prospects for the global lumber markets remain low this year

A severe recession in 2022 replaced the COVID-19 pandemic in 2020 and 2021 as the main force disrupting trade and wreaking havoc across the global timber industry. The Russia-Ukraine conflict has exacerbated the confusion. Global timber traders have spent much of last year adjusting to trade sanctions against Russia by European and American countries and struggling through widespread uncertainty. Lumber price recovery based on global economy The prospect of prices and trading trends returning this year to be more in line with pre-pandemic historical patterns appears to depend largely on how the global economy ...